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4900 Bridge Street, Tampa, ...

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

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

4900 Bridge Street, Tampa, FL, USA

$92,000,000

$1,045/SF

Building Size

88,000 SF

Asset Type

MultiFamily

Closing

Jan 25, 2021

AI

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

Walker & Dunlop

Broker

$547.4M

vol

6 deals

Broker
Bank OZK
Bank OZKLender
Noah Breakstone

Noah Breakstone

BTI Partners

Landlord

$151M

vol

4 deals

Landlord

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

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93