Asher Bittman Of Sheridan Capital Provides $5.65M Bridge Loan For Birmingham Multifamily Property

The asset involved in the transaction is a multifamily property located at 925 Beacon Parkway East, Birmingham, AL, comprising 98,726 square feet and 94 units. The loan amount for this property is $5,650,000, classified as a bridge loan.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $5,650,000
• Lender: Asher Bittman - Sheridan Capital
• Broker: Josh Crowell - Colliers International
• Date: 08/22/2024

This transaction involved key participants including Asher Bittman, who acted as the lender through Sheridan Capital, and Josh Crowell, who represented the deal through Colliers International. Their roles were critical in facilitating the financing for the property.