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2301 Aberdeen Ct, Tampa, FL...

Rittenhouse Capital Advisors Provides $32.55M Bridge Loan For Tampa Student Housing
SOLDOther

Rittenhouse Capital Advisors Provides $32.55M Bridge Loan For Tampa Student Housing

2301 Aberdeen Ct, Tampa, FL, USA

$43,200,000

$349/SF

Building Size

123,540 SF

Asset Type

Other

Closing

Sep 28, 2021

AI

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

George Johnson

Broker

$174M

vol

5 deals

Broker
CC
College Town CommunitiesLandlord

Tampa Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.37%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93