Cross Lake Partners & GreenPointe Holdings Acquire Multifamily Property In Tampa With $50.25 Million Loan From Synovus Bank & Federal Capital Partners

A multifamily property located at 14323 S US Hwy-301 in Tampa recently underwent a closed transaction. The property, owned by Cross Lake Partners and GreenPointe Holdings, was subject to a loan provided by Synovus Bank and Federal Capital Partners. The loan amount totaled $50,250,000 and consisted of a $33.1 million senior loan from Synovus Bank and $17.15 million in preferred equity from Federal Capital Partners.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,250,000
• Loan Type: Other
• Lender: Synovus Bank & Federal Capital Partners
• Landlord: Cross Lake Partners & GreenPointe Holdings
• Brokers: Scott Wadler & Wyatt Krapf - Berkadia

The deal was facilitated by Scott Wadler and Wyatt Krapf of Berkadia, who represented the parties involved in the transaction. The loan provided by Synovus Bank and Federal Capital Partners played a crucial role in financing the acquisition of the multifamily property in Tampa.