New Vintage: Bradenton Lofts was completed in 2024 and is developer owned
Concrete Block Construction: Four-story concrete block
Affordable Classification: Based on Area Median Income (AMI) for its location in the City of Bradenton, the property is classified as affordable. That opens agency and HUD financing programs not avail
HUD 223(f) Financing: The property qualifies for a HUD 223(f) loan, which offers 30-year terms with below-market terms
Organic Rent Upside: The current residents are the property's first generation of tenants, with leases signed during initial lease-up. As those leases come up for renewal, in-place rents can move toward market levels, which provides organic rent growth without capital investment
Central Bradenton Location: The property fronts 14th Street West, which carries about 22,000 vehicles per day. It's 1.2 miles from Manatee Memorial Hospital and about a mile from downtown Bradenton
Population Growth: About 430,000 residents live within 10 miles of the property. That figure is projected to reach about 482,000 by 2030, an increase of roughly 12%
Diverse Employment Base: Nearly 147,000 people are employed within 10 miles. Major employers include Manatee County Public Schools, Beall's (headquartered in Bradenton), Manatee County Government, Manatee Memorial Hospital, and HCA Florida Blake Hospital