Bayshore Investment Partners Secures $13.2 Million Acquisition Loan For 70-Unit Multifamily In Davenport

The asset involved in this transaction is a multifamily property consisting of 70 units located at 2860 Cedar Ridge Ct, Davenport. The total loan amount secured for the acquisition of this property is $13,200,000, provided by Fannie Mae.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,200,000
• Address: 2860 Cedar Ridge Ct
• Market: Davenport
• Lender: Fannie Mae
• Landlord: Jose Tello & Efren Ales - Bayshore Investment Partners
• Broker Representation: Mitch Sinberg, Scott Wadler, Brad Williamson, Matthew Robbins & Kyle Ryan - Berkadia
• Loan Type: Acquisition

Key individuals involved in this transaction include landlords Jose Tello and Efren Ales, representing Bayshore Investment Partners. The brokerage team facilitating the deal consists of Mitch Sinberg, Scott Wadler, Brad Williamson, Matthew Robbins, and Kyle Ryan, all from Berkadia.