Updated Oct 28, 2024
Beacon Real Estate Group Secures $41.6M Loan For Multifamily Property In Tampa
4949 Marbrisa Drive
$41,600,000
Units
224
Asset Type
MultiFamily
Closing
Mar 8, 2022
About this deal
AI
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
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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93