Ready Capital Provides $50.3M Loan For Multifamily Property In Tampa
FINANCED
$50,300,000
Florida
See Similar DealsMultiFamily
Financed 05/17/2022
FINANCED
Ready Capital Provides $50.3M Loan For Multifamily Property In Tampa
6006 North Florida Avenue, Tampa, Florida 33604, United States
See Similar DealsMultiFamily
Financed 05/17/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 6006 N. Florida Ave & 6307 N. Nebraska Ave in Tampa has recently undergone a closed transaction. The property consists of a total of 193 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $50,300,000
- Address: 6006 N. Florida Ave & 6307 N. Nebraska Ave, Tampa
- Market: Tampa
- Lender: Ready Capital
- Broker: CBRE
The loan amount for this transaction was $50,300,000. Ready Capital provided the financial support for the deal, while CBRE acted as the broker representing the parties involved.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$50,300,000.00
Monthly NOI$335,333.33
Monthly Debt Service$317,930.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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