Leverage Capital Provides $2.9M Loan For Tampa Townhomes
4120 West North a Street, Tampa, Florida 33609, United States
$2,919,000
$153/SF
Building Size
19,044 SF
Asset Type
Other
Closing
Feb 27, 2022
AI
A $2,919,000 loan was secured for the new construction of townhomes located at 4120 W North A Street in Tampa, FL. The loan was provided by Leverage Capital and has a term of 18 months. The loan terms include 85% loan-to-cost ratio.
Summary of transaction details
- Property Type: Townhomes
- Transaction Amount: $2,919,000
- Address: 4120 W North A Street, Tampa, FL
- Market: Tampa, FL
Eric Panecki and Veronique Hut, representing Leverage Capital Ventures, facilitated the loan for this new construction project.
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
5.43%
Cash-on-Cash
-1.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93