Skytian Capital Acquires 135-Unit Multifamily Property In Tampa, FL With $21M Loan From Lument
3730 West Bay Avenue, Tampa, Florida 33611, United States
$21,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 10, 2022
AI
The multifamily property located at 3730 W. Bay Ave. in Tampa, FL has been involved in a closed transaction. The property consists of 135 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,000,000
- Address: 3730 W. Bay Ave., Tampa, FL
- Market: Tampa, FL
- Lender: lument''>Lument
- Landlord: Skytian Capital
- Brokers: Mark Steele & Barry Lefkowitz - Meridian Capital Group
- Loan Type: Floating Rate Bridge
- Loan Terms: 80% LTC
The loan for this transaction was provided by Lument. The landlords involved in the deal are Skytian Capital. The brokers representing the transaction are Mark Steele & Barry Lefkowitz from Meridian Capital Group.
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93