Ambrus Asset Management Secures $36.56 Million Supplemental Loan Via Berkadia In Tampa Multifamily Deal
2002 Colonial Parc Dr & 14401 North 22nd Street
$35,100,000
$45,232/SF
Building Size
776 SF
Asset Type
MultiFamily
Closing
Mar 28, 2025
AI
The transaction involves multifamily assets located at 2002 Colonial Parc Dr and 14401 North 22nd Street in Tampa. The properties comprise a total of 388 units and an equal square footage of 388. A supplemental loan of $36,558,000 was secured through berkadia'>berkadia'>berkadia'>Berkadia via Freddie Mac, with varying amounts allocated for each property—$27,125,000 for Uptown and $9,433,000 for Montierra. The loan terms include a fixed rate over a period of 97 months.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $36,558,000
- Units: 388
- Square Feet: 388
- Address: 2002 Colonial Parc Dr & 14401 North 22nd Street
- Market: Tampa
- Lender: berkadia'>berkadia'>berkadia'>Berkadia via Freddie Mac
- Landlord: Ambrus Asset Management
- Brokers: Mitch Sinberg, Scott Wadler & Wesley Moczul - berkadia'>berkadia'>berkadia'>Berkadia
- Loan Type: Supplemental loan
- Loan Terms: Fixed rate, 97 months
- Amount for Uptown: $27,125,000
- Amount for Montierra: $9,433,000
The key individuals involved in this transaction include brokers Mitch Sinberg, Scott Wadler, and Wesley Moczul, who represent the lender berkadia'>berkadia'>berkadia'>Berkadia in this deal. They played a significant role in facilitating the supplemental loan through Freddie Mac, enabling Ambrus Asset Management to secure funding for these multifamily properties.
Players
Tampa 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93