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.
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