Arbor Provides $26.4M Bridge Loan For Multifamily Property In Tampa
FINANCED
$26,425,000
Florida
See Similar DealsMultiFamily150,000 SF
Financed 10/06/2021
FINANCED
Arbor Provides $26.4M Bridge Loan For Multifamily Property In Tampa
14350 N 22nd St, Tampa, FL, USA
See Similar DealsMultiFamily150,000 SF
Financed 10/06/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$176
Total Square Footage:150,000 SF
Transaction Type:Loan
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.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$26,425,000.00
Monthly NOI$176,166.67
Monthly Debt Service$167,023.98
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions