H.I.G. Realty Partners Provides $103M Loan For Multifamily Property In Tampa

4950 West Prescott Street, Tampa, FL, USA

$103,000,000

$70,115/SF

Building Size

1,469 SF

Asset Type

MultiFamily

Closing

Jun 28, 2020

AI

The multifamily property located at 4950 W Prescott St in Tampa has been involved in a closed transaction. The asset consists of 444 units and was part of a deal with a loan amount of $103,000,000. The transaction took place on 06/28/2021.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $103,000,000
Address: 4950 W Prescott St
Market: Tampa
Units: 444

The lender for this transaction was H.I.G. Realty Partners. The landlord involved in the deal is Index Investment Group, specifically Bjarne Borg. The brokers who facilitated the transaction were Morris Betesh, Alex Bailkin, Justin Boruchov, Peter Martz, and Scott Miller from the Meridian Capital Group.