NY Buyer Pays $28M for Fractured Condo

A New York buyer operating under the name Crosswynde Owner LLC acquired 252 units of the 453-unit Crosswynde Apartments. The investor paid the Rhode Island seller $28.3 million for the units at 1502 Marsh Cove Court in Tampa, FL. Crosswynde was a failed condominium conversion from the 2007 crash of

Source: www.connect.media

Vertica Partners’ principals Sean Lance and Max Boehmer arranged the $28 million sale of 252 fractured condo units in the Crosswynde community located in Tampa, Florida.

NorthMarq Capital Arranges $31.5M Construction Loan for Multifamily Project in Tampa | REBusinessOnline

Source: rebusinessonline.com

Cortona South Tampa, a 300-unit multifamily property located at 5145 S. Dale Mabry Highway in Tampa, just received construction funding. The gated development will feature a two four-story apartment buildings and 20 two-story townhome buildings, as well as a 6,000-square-foot clubhouse with a resort-style swimming pool and recreation areas. The three-year loan has a two-year extension option through a regional bank. The loan features interest-only payments for the primary term and a 25-year amortization schedule for the extension.