July 9, 2025
Residential Community
Tampa, Florida
$85,000,000
George Smith Partners arranged an $85 million land loan on behalf of a master plan developer for a large-scale, residential master-planned community in Tampa, Florida.
The financing is secured by approximately 3,000 finished and near-finished residential lots that are under contract within a 6,200-acre development that is planned to house over 30,000 residents upon full buildout.
Lender Type: Bank
Rate: SOFR + 4.15%
Collateral: ~3000 Finished or near finished residential lots.
Term: 3+1
Guaranty: Non-Recourse
Financing Team
Ed Steffelin
Managing Director, GSP; President, AXCS Investments
Evan Kinne
Managing Director, GSP; CEO, AXCS Capital
Nick Shapiro
Associate
