NEW YORK, NY, August 10, 2026 – MONTICELLOAM, LLC (“MONTICELLOAM”), a specialized multifamily and seniors housing bridge lending platform, along with a firm affiliate, closed a bridge loan for an apartment complex in Apollo Beach, Florida. MONTICELLOAM Director JB Bowers worked with Matt Williams and the Newmark Tampa Team on the origination of the transaction.
The loan carries a 24-month initial term with three 12-month extension options. Proceeds from the loan will be used to retire existing debt on the property by the sponsor, Harbour Real Estate Partners, a Southeast-based firm with leadership bringing more than 25 years of experience in the commercial real estate space.
“This was a win-win transaction for our client and for our firm. Our Sponsor built a high-quality apartment product in a great location. We were thrilled to partner with them for this refinance to reset their cost of capital and provide additional time for them to execute their business plan,” said Mr. Bowers.
Citizen at Waterset is a Class A, 236-unit garden-style apartment complex located in the high-growth suburban submarket of Tampa. The property consists of two, three and four-story buildings, with site amenities including a pool, grill area, fire pit, clubhouse, gym, courtyard, dog park, and a controlled access/gated community.
“Florida’s multifamily sector continues to season, and we were excited to work with Matt and the Newmark team as well as the Harbour team on this transaction,” said Eric Baum, Head of MONTICELLOAM’s Multifamily Bridge Lending team. “Further, our team’s on-the-ground knowledge of Florida submarkets allows us to structure bridge financing that reflects the realities borrowers face in this state, so they can confidently carry out their business plans.”
About MONTICELLOAM, LLC
MONTICELLOAM, LLC (“MONTICELLOAM”) is a specialized multifamily and seniors housing lending platform with expertise in executing bridge loans and managing credit risk. MONTICELLOAM offers bridge, working capital and permanent financing options to properties across the U.S. The firm was founded in October 2014 by Alan Litt, Thomas Lally and Jonathan Litt, who each have over 35 years of industry experience as lenders, investors, developers, and owner-operators.
To learn more visit www.monticelloam.com.