The Tampa 652 Portfolio is a 652-unit portfolio of garden-style multifamily assets.

ORLANDO—A portfolio of four multifamily assets in Tampa just traded hands. The sale price: $26.8 million. Hunt Mortgage Group facilitated the acquisition of a multifamily assets. The firm recently opened an office in Tampa.

The Tampa 652 Portfolio is a 652-unit portfolio of garden-style multifamily assets. The loan amount includes a $5.2 million capital expenditure holdback that will be used for the multifamily properties' renovation and improvement. The loan is structured as a two-year floating rate loan with two options to extend the term for periods of six months each.

“The company acquiring these properties has extensive experience with the purchase and turnaround of underperforming multifamily assets and currently owns 18 multifamily properties including 1,115 multifamily units,” Steven Cox, managing director at Hunt, tells GlobeSt.com. “All of these properties are currently undergoing full renovation, repositioning, and rebranding.”