TAMPA, FL—As the year comes to an end, investors are closingplenty of multifamily deals in Florida.Eastern Union Funding just brokered the trade oftwo multifamily properties in Tampa, FL. The saleprice was $8.15 million.


“In under 60 days the sale and the financing were both on thetable,” Jake Handelsman, director of ClientRelations at Eastern, tells GlobeSt.com. “The structure of thisdeal was the foundation not only for value—but also punctuation ofour continued stance as a trusted adviser with a nationalfootprint.”


Handelsman advised the client through themultifamily purchasing process and negotiated thefinancing. He arranged a $6.113 million loan with MorganStanley. The 10-year loan carries a 4.45% interest ratewithout recourse.


Country Square Apartments is located at 8401 Aiken Court.Candlewood is located at 5958 Oak River Drive. Combined, themultifamily properties offer 209 units. The assetsare located about a mile apart and were marketed as onepurchase.

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