Berkadia/Freddie Mac Provides $24.4M Loan For Multifamily Property In Tampa
3110 Grand Pavilion Drive, Tampa, FL, USA
$24,400,000
$39,546/SF
Building Size
617 SF
Asset Type
MultiFamily
Closing
Nov 1, 2020
AI
Located at 3110 Grand Pavilion Drive in Tampa, this multifamily property was involved in a closed transaction. The deal was facilitated by Praxis Capital as the landlord. The property is in the market of Tampa and is classified as a multifamily asset.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $24,400,000
- Lender: berkadia''>berkadia'>Berkadia/Freddie Mac
- Brokers: Mitch Sinberg & Matt Robbins
Mitch Sinberg & Matt Robbins, representing Praxis Capital, were the brokers involved in the deal. The loan for this transaction was provided by Berkadia/Freddie Mac.
Players
Tampa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93