Beacon Real Estate Group Secures $41.6M Loan For Multifamily Property In Tampa

The multifamily property located at 4949 Marbrisa Drive in Tampa has recently undergone a closed transaction. The property consists of 224 units, making it a significant asset in the area.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $41,600,000
• Address: 4949 Marbrisa Drive
• Market: Tampa
• Lender: ACRE
• Landlord: Beacon Real Estate Group

Handling the lending aspect of this transaction is ACRE, providing a loan amount of $41,600,000. The loan is of the acquisition type and comes with a term of 3 years. During this term, the loan will be interest-only, and the interest rate is set to be aggressively floating.

Representing the parties involved in the deal are Scott Wadler, Mitch Sinberg, and Matt Nihan from Berkadia. They have played a crucial role in facilitating this transaction on behalf of their clients, ensuring a successful outcome for all parties involved.