Yale Capital Group And Daryl Hagler Secure $39.7M Loan For Tampa Multifamily Acquisition
6909 Indian River Drive & 7903 Holly Lea Court
$39,700,000
$0/SF
Building Size
220,332,194,656 SF
Asset Type
—
Closing
May 26, 2026
AI
The transaction involved the acquisition of two multifamily properties located at 6909 Indian River Drive and 7903 Holly Lea Court in Tampa, FL. The total loan amount secured for this acquisition was $39,700,000, targeting a total of 472 units with a combined square footage of 414,988.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $39,700,000
- Lender: Jonathan Slager - Bridge Investment Group
- Landlord: Cheyne Pace - Yale Capital Group & Daryl Hagler
- Brokers: Morris Betesh & Louis Halperin - Arrow Real Estate Advisors
Yale Capital Group, in a joint venture with developer Daryl Hagler, secured the financing from Bridge Investment Group specifically for the acquisition of Rivertree Landing Apartments and Puritan Place Apartment Homes, each comprising 228 and 224 units respectively. The strategy includes a value-add repositioning approach in a competitive rental market in the Sun Belt region.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93