Developers get nearly $95M in financing for Tampa apartments

An apartment complex to be built in Tampa Heights neighborhood must include affordable housing units, per an agreement with the city.

By Louis Llovio
| 6:00 p.m. January 12, 2023
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Developers are building a 321-unit apartment complex in the Tampa Heights neighborhood. It is expected to be finished in late 2024.

Tampa Bay-Lakeland

Developers behind a 321-unit apartment complex in Tampa recently obtained $92 million in construction financing.

The financing comes from U.S. Bank, which is providing the senior debt, and Marble Capital, which is providing the preferred equity, according to a statement from Berkadia, which arranged the agreement.

The developers, Loci Capital and Maifly Development, are building the complex on 2.45-acres in the city’s Tampa Heights neighborhood. The property sits on the northeast corner of North Florida Avenue and East Seventh Avenue.