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Bank OZK Provides $92M Loan To BTI Partners For Multifamily Property In Tampa

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FINANCED
$92,000,000

Florida

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MultiFamily88,000 SF
Financed 01/26/2021
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FINANCED

Bank OZK Provides $92M Loan To BTI Partners For Multifamily Property In Tampa

4900 Bridge Street, Tampa, FL, USA

See Similar Deals
MultiFamily88,000 SF
Financed 01/26/2021
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$1,045
Total Square Footage:88,000 SF
Transaction Type:Loan

The multifamily property located at 4900 Bridge St in Tampa was involved in a recent transaction. The loan for this property was provided by Bank OZK, with George G Gleason II representing the lender. The loan amount for the transaction was $92,000,000. The landlord for the property is BTI Partners, with Noah Breakstone representing the company. Eric McGlynn, from Walker & Dunlop, acted as the broker in this deal.

Summary of transaction details

This transaction highlights the collaboration between Bank OZK, represented by George G Gleason II, BTI Partners represented by Noah Breakstone, and Eric McGlynn from Walker & Dunlop, who acted as the broker. With a loan amount of $92,000,000, this deal showcases the strong investment potential of the multifamily property at 4900 Bridge St in Tampa.

Players

Eric McGlynn
6 deals$547.4M volume
BROKER

Bank OZK
LENDER

Noah Breakstone
4 deals$151M volume
LANDLORD

Noah Breakstone
4 deals$151M volume
LANDLORD

Details

FINANCED
IMAGE: Eric McGlynn, George G. Gleason II, & Noah Breakstone DATE: 01/26/2021 ADDRESS: 4900 Bridge St MARKET: Tampa ASSET TYPE: Multifamily LENDER: Bank OZK - George G Gleason II LANDLORD: BTI Partners - Noah Breakstone BROKER: Eric McGlynn - Walker & Dunlop LOAN AMOUNT: $92,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$92,000,000.00

Monthly NOI$613,333.33
Monthly Debt Service$581,502.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00