Mark One Capital Arranges $14M Loan For Tampa Multifamily Property At 1545 Spruce Terrace

The multifamily property located at 1545 Spruce Terrace in Tampa has recently been involved in a closed transaction. The property consists of 13 units and is part of the Tampa market.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $14,000,000
• Loan-to-Value: 65%
• Amortization Schedule: 30 years
• Financing Type: Non-recourse

The deal was facilitated by Mark One Capital (MOC), who represented the parties involved in the transaction. This loan for the property amounted to $14,000,000 and included a 65% loan-to-value ratio. The loan features a 30-year amortization schedule and is structured as non-recourse financing.