Sheridan Capital Provides $10.14 Million Acquisition Loan For Multifamily Asset In Alabama
FINANCED
$10,140,000
Alabama
See Similar DealsMultiFamily
Financed 09/15/2025
FINANCED
Sheridan Capital Provides $10.14 Million Acquisition Loan For Multifamily Asset In Alabama
107 Sterling Court Northwest
See Similar DealsMultiFamily
Financed 09/15/2025
Summary
ALABAMA
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in the transaction is a multifamily property with a total of 364 units located at 107 Sterling Court Northwest and 856 Parkbrook Trl, within the Center Point & Birmingham, AL market. The acquisition loan amount secured for this property is $10,140,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $10,140,000
- Lender: Sheridan Capital
- Lender's Representative: Aaron Kurlansky - Sheridan Capital
- Loan Type: Acquisition
- Market: Center Point & Birmingham, AL
- Units: 364
The key individual involved in this transaction is Aaron Kurlansky, representing Sheridan Capital in the capacity of the lender’s representative for the loan facilitated for the acquisition of the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,140,000.00
Monthly NOI$67,600.00
Monthly Debt Service$64,091.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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