Updated Oct 29, 2024
Freddie Mac Provides $17.8M Loan For Multifamily Property In Tampa, Florida
8741 Grove Terrace, Temple Terrace, FL, USA
$17,800,000
$102/SF
Building Size
173,100 SF
Asset Type
MultiFamily
Closing
Mar 22, 2020
About this deal
AI
29th Street Capital has secured a $17,800,000 loan from Freddie Mac for a multifamily property located at 8741 Grove Terrace in Tampa. The property consists of 180 units and is situated in the Tampa market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $17,800,000
- Address: 8741 Grove Terrace, Tampa
- Market: Tampa
Berkadia's Mitch Sinberg, Wes Moczul, and Brad Williamson represented 29th Street Capital as the landlord's representatives in the deal.
The multifamily loan at 8741 Grove Terrace, Temple Terrace, FL, USA in Temple Terrace, Florida financed for $17.8M in 2020. Reported inventory is 173,100 square feet across 180 units, or about 102 per square foot. Brad Williamson, Mitch Sinberg, Wesley Moczul, Berkadia appear on the loan alongside Berkadia. This page is the Temple Terrace, Florida file for the 8741 Grove Terrace, Temple Terrace, FL, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Temple Terrace sit in the Market section below. Filter that Temple Terrace multifamily set by closing date to see what else financed near 8741 Grove Terrace, Temple Terrace, FL, USA around 2020. Published consideration for 8741 Grove Terrace, Temple Terrace, FL, USA is $17.8M, dated 2020. Cite this Freddie Mac Provides $17.8M Loan For Multifamily Property In Tampa, Florida loan when underwriting similar multifamily product around Temple Terrace, Florida.
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
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93