Westside Capital Group Provides $25M Loan For Tampa Multifamily With Charles Foschini & Christopher Apone As Brokers
4610 N Armenia Ave, Tampa, FL 33603, USA
$25,000,000
$1,540/SF
Building Size
16,230 SF
Asset Type
MultiFamily
Closing
Sep 9, 2020
AI
Westside Capital Group, led by Jakub Hejl, provided a loan amount of $25,000,000 for a multifamily property located at 4610 N Armenia Ave in Tampa. The property consists of 240 units, making it a significant investment in the Tampa market. The deal was facilitated by brokers Charles Foschini and Christopher Apone from Berkadia.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,000,000
- Address: 4610 N Armenia Ave
- Market: Tampa
- Lender: Westside Capital Group - Jakub Hejl
- Brokers: Charles Foschini & Christopher Apone - Berkadia
- Units: 240
The loan provided by Westside Capital Group reflects their confidence in the potential of this multifamily property in Tampa. Both Charles Foschini and Christopher Apone, representing Berkadia, played crucial roles in facilitating the deal.
Players
Tampa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93