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
- Property Type: Multifamily
- Transaction Amount: $92,000,000
- Address: 4900 Bridge St, Tampa
- Lender: Bank OZK - George G Gleason II
- Landlord: BTI Partners - Noah Breakstone
- Broker: Eric McGlynn - Walker & Dunlop
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
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