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

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FINANCED
$41,600,000

Florida

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MultiFamily
Financed 03/08/2022
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Property Image
FINANCED

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

4949 Marbrisa Drive

See Similar Deals
MultiFamily
Financed 03/08/2022
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

Mitch Sinberg
131 deals$8.3B volume(561) 609-4006
BROKER

Scott Wadler
Berkadia
160 deals$9.8B volume
BROKER

ACRES Capital
LENDER

Details

FINANCED
IMAGE: Mitch Sinberg, Scott Wadler & Matt Nihan DATE: 03/08/2022 ADDRESS: 4949 Marbrisa Drive MARKET: Tampa ASSET TYPE: Multifamily ~ UNITS: 224 LENDER: ACRE LANDLORD: Beacon Real Estate Group BROKERS: Scott Wadler, Mitch Sinberg, & Matt Nihan - Berkadia LOAN AMOUNT: $41,600,000 LOAN TYPE: Acquisition LOAN TERMS: 3 year interest only loan with an aggressive floating interest rate

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$41,600,000.00

Monthly NOI$277,333.33
Monthly Debt Service$262,940.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00