3-Phase Tampa-Area Apartment Project Lands Financing

3-Phase Tampa-Area Apartment Project Lands Financing
News| June 4, 2025| Mike Boyd
Florida & Gulf Coast + Apartment Buildings

McDowell Housing Partners (MHP) closed financing allowing the building of the first phase of Ekos at Bayonet Point, a three-phase master-planned affordable housing community comprising 360 units. Ekos at Bayonet Point is located along the west side of Lakeshore Boulevard in Hudson, Pasco County, Florida.

Ekos at Bayonet Point Phase I will deliver 114 senior apartment homes in a four-story building, providing housing options to seniors with incomes at or below 60% of the Area Median Income (AMI). Enhanced community amenities will feature a standalone clubhouse with a large pool, dog park, fitness center, arts and crafts area, and computer lab.   Ekos at Bayonet Point is expected to be completed in the third quarter of 2026.

The development was financed with 9% housing tax credits issued by Florida Housing Finance Corporation, and purchased by Truist Community Capital, a Truist Bank construction loan, and a Freddie Mac permanent loan originated by Grandbridge Real Estate Capital. 

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