Index Investment Group has secured a $103 million of non-recourse construction takeout financing with H.I.G Capital for a 444-unit multifamily rental property, The Pointe on Westshore, in Tampa.
Located at 4950 West Prescott St. on a 23-acre parcel of land, The Pointe on Westshore will have 27 buildings across 689,250 sq. ft. upon completion. The property consists of six five-story elevator buildings, 14 carriage buildings, a clubhouse and leasing center, and a pool house. There will be garages on the ground floors of the residential buildings in addition to open paved parking spaces for a total of 807 spots.