$6,500,000 Financing Secured for Multifamily Property in Tampa, FL
Apr 1, 2026 Bank
Deal Summary
Merchants Bank recorded a $6,500,000 mortgage on a 24 unit multifamily property at 1480 Villena Avenue in Tampa. The loan was executed April 1, 2026 and recorded April 2, 2026 in Hillsborough County under document 128790 (APN 035879-0000). County records list the owner as Spanish Trace Housing Ltd.
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Transaction Details
- Closing Date
- Apr 1, 2026
- Loan Amount
- $6,500,000
- Loan Type
- Bank
- Capital Type
- Senior Debt
- Asset Type
- Multifamily
- Source
- County record
Property
- Address
- 1480 Villena Ave
- City, State
- Tampa, FL
- Market
- Tampa
Property Facts
- Building Size
- 135,402 sq ft
- Lot Size
- 289,429 sq ft (6.64 ac)
- Year Built
- 2008
- Year Renovated
- 2016
- Stories
- 3
- Buildings
- 6
- Zoning
- RMC-20
- Subtype
- Multi Family (General)
- Units
- 24
- Floor Area Ratio
- 0.41
Sale History
Last sold for $784,200 on Apr 2, 2007. Prior owner BELLA VISTA II LLC (business entity).
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| Apr 2, 2026 | MERCHANTS BK/IN | $6,500,000 | Mortgage | CONVENTIONAL |
| Aug 21, 1998 | MERCANTILE BK | $171,000 | Mortgage | CONVENTIONAL |
Recorded mortgage history from county records. Amounts are original recorded principal, not current balances.
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Transaction details are compiled from public announcements, press releases, industry reporting, or information submitted by parties to the transaction, and have not been independently verified by LoanList CRE. Terms shown may be approximate. Nothing on this page constitutes a quote, offer, or guarantee of financing terms. Full disclaimer.