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
About this deal
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
- Property Type: Student Housing
- Transaction Amount: $32,550,000
- Market: Tampa
- Lender: Rittenhouse Capital Advisors
- Borrower: College Town Communities
- Brokers: George Johnson, Joe Hanuscin & Will Patton - Rittenhouse Realty Advisors
- Loan Type: Bridge
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.
On the Map
$32,550,000
$263/SF
Other
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Players
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