Leverage Capital Provides $2.9M Loan For Tampa Townhomes
FINANCED
$2,919,000
Florida
See Similar DealsOther19,044 SF
Financed 02/28/2022
FINANCED
Leverage Capital Provides $2.9M Loan For Tampa Townhomes
4120 West North a Street, Tampa, Florida 33609, United States
See Similar DealsOther19,044 SF
Financed 02/28/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$153
Total Square Footage:19,044 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,919,000.00
Monthly NOI$19,460.00
Monthly Debt Service$18,450.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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