Updated Dec 4, 2024
Greystone Provides $21.8M Refinance Loan For Three Tampa Multifamily Properties
1505 East Humphrey Street, 1514 East 138th Avenue & 13142 North 22nd Street
$21,808,000
Units
164
Asset Type
MultiFamily
Closing
Dec 11, 2023
About this deal
AI
The three Tampa, Florida multifamily properties, Palms at Humphrey, Oaks at University, and Uptown Gardens, have been refinanced by Greystone. The properties have a total of 164 units and are located at 1505 East Humphrey Street, 1514 East 138th Avenue, and 13142 North 22nd Street in Tampa. The refinancing provided a loan amount of $21,808,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,808,000
- Units: 164
- Market: Tampa
Greystone, represented by Anthony Cristi, served as the lender for the refinancing. The loan type is a 5-year fixed-rate loan, providing the clients with private-label offerings and competitive terms. The loans also offer flexible options to meet the specific refinancing needs of the clients.
Players
Tampa 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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93