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Arbor Provides $26.4M Bridge Loan For Multifamily Property In Tampa

14350 North 22nd Street
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This MultiFamily property located in FL received a loan of $26,425,000 over 2 years ago. The brokers of the deal were Jonathan Singer and Cyril Bijaoui

The multifamily property located at 14350 N 22nd St in Tampa has recently undergone a closed transaction. The property spans approximately 150,000 square feet and comprises a total of 241 units. The transaction took place on October 6, 2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $26,425,000
  • Loan Type: Bridge
  • Loan Terms: 85% of PP/Cap Ex

The loan for this transaction was provided by Arbor and facilitated by Steve York. The loan amount issued was $26,425,000, and the loan type was a bridge loan with terms of 85% of the purchase price and capital expenditures.

Jonathan Singer from Strategic Funding acted as the broker representing the transaction, while Cyril Bijaoui from Westside Estate Agency Florida acted as the sale broker.

For any additional details, please refer to the provided Instagram link.

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Deals
  • Location
    14350 N 22nd St, Tampa, FL, USA14350 N 22nd St, Tampa, FL, USA
  • Loan Value
    $26,425,000$26,425,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers2 Brokers

Agents

Jonathan Singer

Jonathan Singer

Deals13
Financed$200.6M

Cyril Bijaoui

Cyril Bijaoui

Deals3
Financed$26.4M

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Deal Summary

LOAN IMAGE: Jonathan Singer & Steve York DATE: 10/06/2021 ADDRESS: 14350 N 22nd St MARKET: Tampa ASSET TYPE: Multifamily ~ SF: 150,000 ~ UNITS: 241 LENDER: Arbor - Steve York BROKERS: Jonathan Singer - Strategic Funding SALE BROKER: Cyril Bijaoui - Westside Estate Agency Florida LOAN AMOUNT: $26,425,000 LOAN TYPE: Bridge LOAN TERMS: 85% of PP/Cap Ex

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14350 North 22nd Street

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