Loci Capital & Maifly Development Acquire Multifamily Property In Tampa Heights For $92M Loan

The property involved in this transaction is a multifamily asset located at 1802 N Morgan Street, Tampa, FL 33602. Situated in the Tampa Heights market, the property consists of 321 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $92,000,000
• Developer: Loci Capital & Maifly Development
• Developer's Representative: Michael Weinberg, Rebecca Van Reken, Alec Fox & Edmund Aramayo - Berkadia
• Lender: U.S. Bank
• Preferred Equity Provider: Marble Capital
• Loan Type: Construction Loan & Preferred Equity

The developer of this property is Loci Capital in partnership with Maifly Development. Serving as their representative in this deal are Michael Weinberg, Rebecca Van Reken, Alec Fox, and Edmund Aramayo of Berkadia. U.S. Bank provided the loan for this transaction, while Marble Capital acted as the preferred equity provider.