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2002 Colonial Parc Drive, T...

Updated Oct 29, 2024

Ambrus Asset Management Secures $33M Loan For Tampa Multifamily With Fannie Mae
FINANCEDMultiFamily

Ambrus Asset Management Secures $33M Loan For Tampa Multifamily With Fannie Mae

2002 Colonial Parc Drive, Tampa, FL, USA

$33,000,000

$983/SF

Building Size

33,540 SF

Asset Type

MultiFamily

Closing

Feb 11, 2021

About this deal

AI

The multifamily property located at 2002 Colonial Parc Drive, 14401 N 22nd Street, and 102 E 122nd Avenue in Tampa has been involved in a recent loan transaction. The loan was provided by Fannie Mae, and the loan amount was $33,000,000. The property is owned by Ambrus Asset Management, and it is categorized as a multifamily asset.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $33,000,000
  • Address: 2002 Colonial Parc Drive, 14401 N 22nd Street, and 102 E 122nd Avenue, Tampa
  • Market: Tampa
  • Lender: Fannie Mae
  • Landlord: Ambrus Asset Management

The brokers involved in this transaction were Scott Wadler and Wesley Moczul from Berkadia. They represented the parties in the deal but are not the buyers, sellers, landlords, or tenants themselves.

Players

Scott Wadler

Berkadia

Broker

$10.5B

vol

174 deals

Broker
Fannie Mae
Fannie MaeLender

Tampa MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $983 per square foot on a published $33M for 33,540 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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