Updated Oct 13, 2026
Freddie Mac Provides $42.7M Loan For Multifamily Property In St. Petersburg
10475 Gandy Blvd N, St. Petersburg, FL, USA
$42,700,000
$373/SF
Building Size
114,476 SF
Asset Type
MultiFamily
Closing
Mar 21, 2021
About this deal
AI
The multifamily property located at 10475 Gandy Blvd North in St. Petersburg was involved in a closed transaction on March 22, 2021. The property, consisting of 295 units, was the subject of a loan provided by Freddie Mac.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $42,700,000
- Market: St. Petersburg
- Lender: Freddie Mac
- Landlord: Carroll Organization & LCOR Inc.
- Broker: JLL
The loan, amounting to $42,700,000, offered a term of 10 years. The lender, Freddie Mac, facilitated the transaction for the multifamily property owned by Carroll Organization & LCOR Inc. The deal was brokered by JLL. This transaction highlights the collaboration between industry professionals in successfully financing the acquisition of this multifamily asset.
On the Map
$42,700,000
$373/SF
MultiFamily
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Players
Saint Petersburg MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93