Quinn Inks $108.6M Construction Loan for Two Tampa BTR Communities
Madison Realty Capital originated a $108.6 million construction loan for Quinn Residences, supporting the development of two rental communities in Tampa, Florida.
The two properties will consist of Moccasin Wallow and Terra View, located in the Parrish and San Antonio submarkets of Tampa, respectively. Quinn will manage both properties. Construction is underway at both sites, where average room sizes are 1.500 square feet, with enclosed patios and attached garages.
Moccasin will comprise 144 townhomes and 140 one-story villas. Amenities will include a clubhouse with a fitness center, resident lounge, wet bar, resort-style pool, three on-site pickleball courts, a dog park, and a playground within the community.
Terra View (shown) will comprise 169 townhomes, featuring three distinct three-bedroom floor plans. Amenities will include a clubhouse with a pool, a resident lounge, a nearly one-acre community park, and walking trails.
GSP Partners arranged the transaction led by Nate Weyer.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout