Updated Oct 1, 2025
Sheridan Capital Provides $10.14 Million Acquisition Loan For Multifamily Asset In Alabama
107 Sterling Court Northwest
$10,140,000
Units
364
Asset Type
MultiFamily
Closing
Sep 14, 2025
About this deal
AI
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.
On the Map
$10,140,000
MultiFamily
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Players
Center Point MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93