Grant Street Funding Refinances Multifamily Property In Tampa For $29M
202 Windwood Oaks Drive, Tampa, FL 33613
$29,000,000
$105/SF
Building Size
274,400 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
AI
The property involved in this transaction is a multifamily asset located at 202 Windwood Oaks Dr in Tampa. The property spans a total square footage of 274,400 and comprises 352 units. The transaction took place on 12/22/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $29,000,000
- Address: 202 Windwood Oaks Dr
- Market: Tampa
- Loan Type: Refinance
The lender for this transaction was Grant Street Funding, while the landlord is Ventron Management. The brokers involved in this deal were Paul Ahmed and Mackenzie Lampman from CBRE.
Additionally, it's important to note that Mackenzie Lampman and Paul Ahmed were the representatives from CBRE representing their respective clients in this transaction.
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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93