Sheridan Capital Provides $11.5 Million Bridge Loan For Multifamily Property In New Haven, CT
FINANCED
$11,500,000
Connecticut
See Similar DealsMultiFamily104,072 SF
Financed 12/06/2024
FINANCED
Sheridan Capital Provides $11.5 Million Bridge Loan For Multifamily Property In New Haven, CT
3 Long Wharf Drive
See Similar DealsMultiFamily104,072 SF
Financed 12/06/2024
Summary
CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$110
Total Square Footage:104,072 SF
Transaction Type:Loan
The property asset involved in the transaction is a multifamily asset located at 3 Long Wharf Drive in New Haven, CT, encompassing a square footage of 104,072. The loan amount secured for this asset is $11,500,000, classified as a bridge loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,500,000
- Lender: Sheridan Capital
- Broker: Yael Ishakis - FM Capital
- Market: New Haven, CT
The key individuals involved in this deal include Yael Ishakis, representing FM Capital as the broker. Sheridan Capital is noted as the lender facilitating the bridge loan for this transaction, indicating an involvement in short-term financing solutions.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,500,000.00
Monthly NOI$76,666.67
Monthly Debt Service$72,687.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions