ORLANDO—The Preserve at Tampa Palms just won a $29.4 millionrefinancing. Hunt Mortgage Group arranged theFreddie Mac loan to refinance the multifamilyasset in Tampa, FL.
"Construction was completed in 2002 and The Preserve at TampaPalms is in excellent physical condition," JohnBeam, managing director of Hunt, tells GlobeSt.com. "Theproperty is also well located just northeast of the Tampa CentralBusiness District in a growing market that consistently supportsdemand for multifamily housing."
The Preserve at Tampa Palms is a gatedapartment community with 19, three-storymultifamily buildings, and a one-storyclubhouse/leasing office building. Themultifamily garden-style class A asset has 378units and sits on 44 acres of land.
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