Grant Street Funding Refinances Multifamily Property In Tampa For $29M
FINANCED
$29,000,000
Florida
See Similar DealsMultiFamily274,400 SF
Financed 12/22/2021
FINANCED
Grant Street Funding Refinances Multifamily Property In Tampa For $29M
202 Windwood Oaks Drive, Tampa, FL 33613
See Similar DealsMultiFamily274,400 SF
Financed 12/22/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$105
Total Square Footage:274,400 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$29,000,000.00
Monthly NOI$193,333.33
Monthly Debt Service$183,299.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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