$4.3M Bridge Construction Loan on a SoHo Tampa Apartment Building

Two recordings hit 1405 South Lorenzo Avenue on May 6, 2026: an $8,850,000 sale and a $4,300,000 construction mortgage from Fidelity Bridge Loans, written on a 13 month term due June 2027, for buyer Lorenzo 26 LLC. The property, in Tampa's SoHo district near the Howard Avenue restaurant strip, is a two building, two story apartment property built in 1960, recently rebranded from SoHo Flats, its prior owner's namesake, to Bayshore Palms at SoHo.

Listing records from the sale campaign describe 40 units, 16 one bedroom and 24 two bedroom, roughly 77 percent occupied, figures reported as published; county data does not carry a unit count. The RM-24 zoning and the 1.15 acre site sit in one of Tampa's strongest rental micro markets, and individual units are actively listed for rent across the major platforms.

What the construction label will fund is not yet publicly documented: no permit filing, site plan, or rezoning for the address surfaced as of July 2026, so whether this is a heavy renovation or something more is left where the record leaves it. The recent chain of title is busier than the building: a Comerica mortgage of $10,060,000 in 2015 and KeyBank at $5,330,000 in 2018 crossed this property within larger portfolios, and April 2026 recordings tied to a ReadyCap position preceded the sale by five weeks.

The lender is the record's one true blank. No published program, website, or profile for a lender named Fidelity Bridge Loans could be located, and several similarly named firms were checked and ruled out as unconfirmed matches. It is reported here exactly as it appears on the recorded instrument: Fidelity Bridge Loans LLC, first tracked closing.

Within the tracked Tampa record the loan ranks 22nd of 25, beneath multifamily closings at $6,500,000 from Merchants Bank and $8,400,000 from a private lender. For value add buyers, the structure is the takeaway: a half leveraged acquisition on short construction paper, leaving room to fund the business plan through draws rather than a larger day one balance. The names change from deal to deal; the recorded shape of a Tampa reposition, sale plus short construction lien on one day, is right here.