Updated Aug 27, 2026
Cigar City Builders Secures $7.15 Million Construction Loan From RBI For Tampa Residence
4646 West Longfellow Avenue, West De Leon Street & West De Leon Street
$7,150,000
Building Size
—
Asset Type
Single Family Residence
Closing
Jul 31, 2026
About this deal
AI
The asset involved in this transaction is a single-family property located at 4646 West Longfellow Avenue & 2 Sunset Park in the Tampa market. The loan amount secured for this property is $7,150,000, with a construction loan type and a duration of 18 months.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $7,150,000
- Lender: RBI
- Borrower: Cigar City Builders
- Broker: Ty Pepe - TP Capital
- Loan Terms: 18 months
Key individuals and companies in this transaction include Ty Pepe from TP Capital, who represents the borrower's interests, and RBI Private Lending, partnering with TP Capital to provide funding to local developers in the luxury residential market of Tampa, Florida.
On the Map
$7,150,000
Single Family Residence
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Tampa Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93