Freddie Mac Optigo Provides $76.7M Loan For Tampa Multifamily Property
FINANCED
$76,720,000
Florida
See Similar DealsMultiFamily10,030 SF
Financed 07/11/2022
FINANCED
Freddie Mac Optigo Provides $76.7M Loan For Tampa Multifamily Property
6900 Concord Drive, Tampa, Florida 33614, United States
See Similar DealsMultiFamily10,030 SF
Financed 07/11/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$7,649
Total Square Footage:10,030 SF
Transaction Type:Loan
A 638-unit multifamily property located at 6900 Concord Dr. in Tampa has recently undergone a closed transaction. The deal, which took place on 07/11/2022, involved a loan provided by Freddie Mac Optigo℠. The loan amount was $76,720,000, and it had a term of 10 years with a floating interest rate.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $76,720,000
- Address: 6900 Concord Dr.
- Market: Tampa
- Loan Terms: 10-year, floating-rate loan
- Lender: Freddie Mac Optigo℠
The brokers involved in this transaction were Elliott Throne & Kenny Cutler, representing JLL Capital Markets.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$76,720,000.00
Monthly NOI$511,466.67
Monthly Debt Service$484,922.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions