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4610 N Armenia Ave, Tampa, ...

Westside Capital Group Provides $25M Loan For Tampa Multifamily With Charles Foschini & Christopher Apone As Brokers
FINANCEDMultiFamily

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

Charles Foschini

Berkadia

Broker

$3.1B

vol

57 deals

Broker
Jakub Hejl

Jakub Hejl

Westside Capital Group

Lender

$214.9M

vol

5 deals

Lender
Westside Capital Group
Westside Capital GroupLender

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