$8.4 MILLION LOAN RECEIVED FOR TAMPA MEDICAL PROPERTY

by admin

TAMPA, FLA. — An undisclosed borrower has received a $8.4 million acquisition loan for University Park, a multi-tenant medical office building. The 99,000-square-foot property is fully occupied and is located across from University of South Florida's Tampa campus. The 5-year loan comes with a 6 percent interest rate and a 25-year amortization schedule. Biscayne Asset Management secured the loan.

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