Asia Capital Real Estate Lands $43M Loan for Tampa Acquisition
With help from JLL Capital Markets, the company purchased a suburban garden-style property in Hillsborough County. Jun042021
Image courtesy of NorthMarq
Asia Capital Real Estate has acquired Lola Apartments, a 264-unit Class A community in Riverview, Fla., in Hillsborough County. The seller, a joint venture between Lindell Investments and Investors Realty, was represented in the transaction by NorthMarq Tampa’s Investment Sales team.
Working on behalf of the buyer, JLL Capital Markets secured a $42.8 million acquisition loan through lender CIT Group.
Lola Apartments is located at 9960 Jonas Salk Drive, in the southeast suburban area of Tampa, Fla. The pet-friendly property features one-, two- and three-bedroom units in proportions of 45 percent, 49 percent and 6 percent, respectively, with an average unit size of 968 square feet. Finishes include stainless steel appliances, island ki