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
About this deal
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.
On the Map
$43,200,000
$349/SF
Other
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Players
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