Amerant Bank Provides $26.6M Loan For Acquisition Of 156-Unit Multifamily Property In Tampa
FINANCED
$26,600,000
+ 1
Florida
See Similar DealsMultiFamily226,396 SF
Financed 05/12/2022
FINANCED
Amerant Bank Provides $26.6M Loan For Acquisition Of 156-Unit Multifamily Property In Tampa
5610 Graduate Cr, Tampa, Florida 33617, United States
See Similar DealsMultiFamily226,396 SF
Financed 05/12/2022
+ 1
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$117
Total Square Footage:226,396 SF
Transaction Type:Loan
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.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$26,600,000.00
Monthly NOI$177,333.33
Monthly Debt Service$168,130.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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