Arbor Provides $26.4M Bridge Loan For Multifamily Property In Tampa

The multifamily property located at 14350 N 22nd St in Tampa has recently undergone a closed transaction. The property spans approximately 150,000 square feet and comprises a total of 241 units. The transaction took place on October 6, 2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $26,425,000
• Loan Type: Bridge
• Loan Terms: 85% of PP/Cap Ex

The loan for this transaction was provided by Arbor and facilitated by Steve York. The loan amount issued was $26,425,000, and the loan type was a bridge loan with terms of 85% of the purchase price and capital expenditures.

Jonathan Singer from Strategic Funding acted as the broker representing the transaction, while Cyril Bijaoui from Westside Estate Agency Florida acted as the sale broker.

For any additional details, please refer to the provided Instagram link.