Updated Dec 21, 2023
Mark One Capital Arranges $14M Loan For Tampa Multifamily Property At 1545 Spruce Terrace
1545 Spruce Terrace
$14,000,000
$125/SF
Building Size
111,591 SF
Asset Type
MultiFamily
Closing
Feb 18, 2021
About this deal
AI
The multifamily property located at 1545 Spruce Terrace in Tampa has recently been involved in a closed transaction. The property consists of 13 units and is part of the Tampa market.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Loan-to-Value: 65%
- Amortization Schedule: 30 years
- Financing Type: Non-recourse
The deal was facilitated by Mark One Capital (MOC), who represented the parties involved in the transaction. This loan for the property amounted to $14,000,000 and included a 65% loan-to-value ratio. The loan features a 30-year amortization schedule and is structured as non-recourse financing.
Players
Tampa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Tampa multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93