Westside Capital Group Provides $25M Loan For Tampa Multifamily With Charles Foschini & Christopher Apone As Brokers
FINANCED
$25,000,000
Florida
See Similar DealsMultiFamily16,230 SF
Financed 09/10/2020
FINANCED
Westside Capital Group Provides $25M Loan For Tampa Multifamily With Charles Foschini & Christopher Apone As Brokers
4610 N Armenia Ave, Tampa, FL 33603, USA
See Similar DealsMultiFamily16,230 SF
Financed 09/10/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$1,540
Total Square Footage:16,230 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,000,000.00
Monthly NOI$166,666.67
Monthly Debt Service$158,017.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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