Rittenhouse Capital Advisors Provides $32.55M Bridge Loan For Tampa Student Housing
SOLD
$43,200,000
Florida
See Similar DealsOther123,540 SF
Sold 09/29/2021
SOLD
Rittenhouse Capital Advisors Provides $32.55M Bridge Loan For Tampa Student Housing
2301 Aberdeen Ct, Tampa, FL, USA
See Similar DealsOther123,540 SF
Sold 09/29/2021
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$349
Total Square Footage:123,540 SF
Transaction Type:Sale
2301 Aberdeen Ct in Tampa is a student housing property with a total area of 123,540 square feet. The property was involved in a recent transaction.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $32,550,000
- Market: Tampa
- Loan Type: Bridge
The lender for this transaction was Rittenhouse Capital Advisors, while the landlord was College Town Communities. The deal was facilitated by the brokers George Johnson, Joe Hanuscin, and Will Patton of Rittenhouse Realty Advisors.
Note: No additional information was available regarding the property asset involved in this transaction.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,304,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$153,480.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$204,790.04
Annual Debt Service$2,457,480.48
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