Rittenhouse Capital Advisors Provides $32.55M Bridge Loan For Student Housing In Tampa
FINANCED
$32,550,000
Florida
See Similar DealsOther123,540 SF
Financed 09/29/2021
FINANCED
Rittenhouse Capital Advisors Provides $32.55M Bridge Loan For Student Housing In Tampa
2301 Aberdeen Court
See Similar DealsOther123,540 SF
Financed 09/29/2021
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$263
Total Square Footage:123,540 SF
Transaction Type:Loan
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.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$32,550,000.00
Monthly NOI$217,000.00
Monthly Debt Service$205,738.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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