Developer obtains $92M loan for 17-story residential building in region

BTI Partners funded construction of its Marina Pointe condo tower, in the Westshore Marina District, with equity until a loan was obtained last month.

  • By Kevin McQuaid
  • | 7:00 p.m. January 29, 2021
  • | 0 Free Articles Remaining!
COURTESY RENDERING — BTI Partners is developing the Marina Pointe condo tower within its 52-acre, master-planned Westshore Marina District.
COURTESY RENDERING — BTI Partners is developing the Marina Pointe condo tower within its 52-acre, master-planned Westshore Marina District.
  • Commercial Real Estate
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Commercial real estate financing has been harder to obtain since COVID-19 wreaked havoc on the U.S., but some projects have found a way to prevail despite the underwriting complexities brought about by the pandemic.

BTI Partners’ Marina Pointe condominium tower in the developer’s Westshore Marina District is a striking example in the Tampa area.

 

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