Updated Jan 29, 2025
TruAmerica Multifamily & Oaktree Capital Management Acquires 325-Unit Multifamily In Tampa For $64.1M
3939 Ehrlich Road, Tampa, Florida 33624, United States
$64,100,000
Units
325
Asset Type
MultiFamily
Closing
Aug 7, 2022
About this deal
AI
An acquisition loan in the amount of $64,100,000 has been secured for a multifamily property located at 3939 Ehrlich Road in Tampa. The property, spanning 56 acres, consists of 325 units. The loan, which has a five-year term, is a floating-rate loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $64,100,000
- Address: 3939 Ehrlich Road
- Market: Tampa
- Units: 325
- Acres: 56
The acquisition loan was facilitated by Mitch Sinberg, Matthew Robbins, Brad Williamson, and Scott Wadler of Berkadia. The financing was obtained by TruAmerica Multifamily and Oaktree Capital Management, L.P., who are the landlords of the property.
Players
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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93