TAMPA, FL—Summer Palms, a 340-unit, garden style multifamily project in the Tampa suburb of Riverview, FL, has won investor confidence. HFF just arranged $29 million in financing for the complex.

HFF worked on behalf of the borrower, an entity controlled and managed by Beachwold Residential, to secure the 36-month, bridge/acquisition loan. GE Capital Real Estate made the loan.

“Most apartment investors are searching for value-add opportunities that still have true upside in rents,” HFF managing director Elliott Throne, tells GlobeSt.com. “By pairing these investors up with aggressive bridge capital providers, we have further helped buyers achieve great returns in an overall sales market where competition is making it difficult to find a 'good' deal.”