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3110 Grand Pavilion Drive, ...

Berkadia/Freddie Mac Provides $24.4M Loan For Multifamily Property In Tampa
FINANCEDMultiFamily

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

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

Mitch Sinberg

Berkadia

Broker

$8.6B

vol

140 deals

Broker
Berkadia
BerkadiaLender

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

0.65%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93