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TruAmerica And Oaktree Capital Secure $255.3M Refinance For Multifamily Portfolio In Tampa Orlando Scottsdale

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FINANCED
$255,300,000
Brandon Smith
Annie Rice
Kevin MacKenzie
+ 2

Florida

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MultiFamily
Financed 06/02/2025
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FINANCED

TruAmerica And Oaktree Capital Secure $255.3M Refinance For Multifamily Portfolio In Tampa Orlando Scottsdale

3939 Ehrlich Rd, 990 Warehouse Road & 7261 Crossroads Garden Dr

See Similar Deals
MultiFamily
Financed 06/02/2025
Brandon Smith
Annie Rice
Kevin MacKenzie
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

A refinancing transaction was secured for a multifamily portfolio consisting of 1,324 units across four properties located in Tampa, Orlando, and Scottsdale. The loan amount for this refinancing is $255,300,000, with a five-year term and floating interest rate, aimed at supporting ongoing value-add upgrades to the properties.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $255,300,000
  • Asset Units: 1,324
  • Loan Type: Refinance
  • Loan Terms: five-year, floating-rate
  • Landlord: Robert E. Hart - TruAmerica
  • Landlord: Howard Marks - Oaktree Capital Management
  • Brokers: Annie Rice, Brandon Smith & Kevin MacKenzie - JLL

JLL arranged the refinancing loan, which is structured as interest-only with flexible terms tailored to facilitate property enhancements. The key individuals involved include Robert E. Hart, representing TruAmerica, and Howard Marks from Oaktree Capital Management, who collaborated in this financing effort.

Players

Kevin MacKenzie
JLL
Kevin MacKenzie
25 deals$4.4B volume(949) 870-8722
BROKER
Annie Rice
JLL
Annie Rice
13 deals$1.5B volume
BROKER
Brandon Smith
JLL
Brandon Smith
11 deals$1.3B volume
BROKER
Robert E. Hart
TruAmerica Multifamily
Robert E. Hart
11 deals$912.1M volume
LANDLORD
Howard Marks
Oaktree Capital Management
Howard Marks
9 deals$674.3M volume
LANDLORD

Details

FINANCED
IMAGE: Brandon Smith, Annie Rice, Robert E. Hart, Howard Marks & Kevin MacKenzie DATE: 06/02/2025 ADDRESS: Multifamily Portfolio MARKET: Tampa, Orlando & Scottsdale ASSET TYPE: Multifamily ~ UNITS: 1,324 LANDLORD: Robert E. Hart - TruAmerica (@TruAmericaMultifamily); Howard Marks - Oaktree Capital Management (@OaktreeCapital) BROKERS: Annie Rice, Brandon Smith & Kevin MacKenzie - JLL (@JLL) LOAN AMOUNT: $255,300,000 LOAN TYPE: Refinance LOAN TERMS: five-year, floating-rate NOTE: TruAmerica and Oaktree Capital secured a $255.3M refinancing for a 1,324-unit, four-property apartment portfolio in Tampa, Orlando, and Scottsdale. JLL arranged the five-year, interest-only loan with flexible terms to support ongoing value-add upgrades.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$255,300,000.00

Monthly NOI$1,702,000.00
Monthly Debt Service$1,613,669.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00