Updated Mar 6, 2025
Amerant Bank Provides $26.6M Loan For Acquisition Of 156-Unit Multifamily Property In Tampa
5610 Graduate Cr, Tampa, Florida 33617, United States
$26,600,000
$117/SF
Building Size
226,396 SF
Asset Type
MultiFamily
Closing
May 11, 2022
About this deal
AI
The multifamily property located at 5610 Graduate Cir in Tampa has been involved in a recent transaction. This property consists of 156 units with a total square footage of 226,396. The transaction took place on May 12, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $26,600,000
- Lender: Amerant Bank
- Landlord: Axonic Properties - Jonathan Shechtman & Brian Kennedy
- Brokers: Adam Schwartz & Michael Ianno - Walker & Dunlop
- Loan Type: Acquisition
The lender in this transaction was Amerant Bank. The landlord of the property is Axonic Properties and represented by Jonathan Shechtman and Brian Kennedy. The brokers involved in the deal were Adam Schwartz and Michael Ianno from Walker & Dunlop.
On the Map
$26,600,000
$117/SF
MultiFamily
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Players
Temple Terrace 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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93