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2301 Aberdeen Court

Rittenhouse Capital Advisors Provides $32.55M Bridge Loan For Student Housing In Tampa
FINANCEDOther

Rittenhouse Capital Advisors Provides $32.55M Bridge Loan For Student Housing In Tampa

2301 Aberdeen Court

$32,550,000

$263/SF

Building Size

123,540 SF

Asset Type

Other

Closing

Sep 29, 2021

AI

The property involved in this closed transaction is a student housing asset located at 2301 Aberdeen Ct in Tampa. The property has a total square footage of 123,540. It was transacted by College Town Communities.

Summary of transaction details

The lenders in this transaction were Rittenhouse Capital Advisors, while College Town Communities acted as the borrower. The brokers representing the deal were George Johnson, Joe Hanuscin, and Will Patton from Rittenhouse Realty Advisors.

Players

George Johnson

Broker

$174M

vol

5 deals

Broker
CC
College Town CommunitiesLandlord

Tampa Other Market Snapshot

Boundary boundary · Other · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93