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Florida & Gulf Coast  + Central Florida  + Finance  | 
CBRE has arranged $100 million in financing for purchase and improvements of the Bainbridge Ybor City multifamily in Tampa, FL.

CBRE Arranges $100M JV Equity, Acquisition Funding for Tampa Multifam

CBRE has arranged a $100-million joint venture equity partnership and acquisition financing for Bainbridge Ybor City, a 240-unit Class A multifamily in Tampa, FL. The property was purchased for $90.7 million with additional proceeds for capital improvements.

Eric Fixler, Chandler Kaye and Chris Smiles with CBRE worked on behalf of the borrower, a private investor. Square Mile Capital provided a $67.6-million senior loan, and CBRE secured $32.6 million in equity provided by an international private equity group.

“The investment into this Class A asset represents a commitment to the core downtown Tampa multifamily market made by our client and their institutional partner,” said Fixler. “Our ability to secure a strong institutional equity partner with superior financing demonstrates the depth of the Tampa market and continued expectation for outstanding performance.”

The 2018-constructed, four-story property includes a mix of studio, one-, and two-bedroom units, averaging 870 square feet.

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CBRE's Fixler

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
  • ◦Financing
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