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2002 Colonial Parc Dr

Ambrus Asset Management Secures $36.56 Million Supplemental Loan Via Berkadia In Tampa Multifamily Deal
FINANCEDMultiFamily

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:

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

Mitch Sinberg

Berkadia

Broker

$8.5B

vol

136 deals

Broker
Freddie Mac
Freddie MacLender

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