Greystone Refinances 291-Unit Multifamily Property In Tampa For $51.5M

The multifamily property located at 6101 Innovation Way in Tampa has undergone a refinancing transaction. The property spans approximately 500,000 square feet and consists of 291 units. The loan for this transaction was provided by greystone''>Greystone, with Kyle Jemtrud serving as the representative from the lending institution. The loan amount was $51,470,000 with a 12-year term, including 5 years of interest-only payments, and a 30-year amortization schedule.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $51,470,000
• Address: 6101 Innovation Way, Tampa
• Market: Tampa
• Square Footage: 500,000
• Units: 291
• Lender: Greystone - Kyle Jemtrud
• Landlord: Mike Wright
• Brokers: Ben Blanton & Kevin Coscia - Largo capital
• Loan Type: Refinance
• Loan Terms: 12 years, 5 years I/O, 30-year amortization

In this refinancing deal, representatives Ben Blanton and Kevin Coscia from Largo Capital worked with the borrower to facilitate the transaction. It is noteworthy that Mike Wright is the landlord of the property. The involvement of these individuals and companies highlights the collaborative efforts behind this successful refinancing transaction.