Sheridan Capital Provides $2.95M Bridge Loan For Miami Condo Acquisition
1000 E Hallandale Beach Blvd, Hallandale Beach, FL, USA
$2,950,000
$415/SF
Building Size
7,100 SF
Asset Type
—
Closing
Sep 14, 2021
About this deal
AI
Located at 1000 E. Hallandale Beach Blvd, Units 1-107, Units 1-108, and Units 1-109 in Miami, this condominium spans a total of 7,100 square feet. The property was involved in a recent closed transaction, with the loan provided by Sheridan Capital.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,950,000
- Market: Miami
- Loan Type: Bridge
- Image: Noam Temchin
- Date: 09/15/2021
Noam Temchin from FM Capital represented the buyer in this deal.
The commercial loan at 1000 E Hallandale Beach Blvd, Hallandale Beach, FL, USA in Hallandale Beach, Florida financed for $3M in 2021. The building is 7,100 square feet, implying about 415 per square foot on the published price. Noam Temchin, FM Capital, Sheridan Capital appear on the loan alongside FM Capital, Sheridan Capital. This page is the Hallandale Beach, Florida file for the 1000 E Hallandale Beach Blvd, Hallandale Beach, FL, USA commercial financed: pricing, party profiles, and other closed commercial comps from the same Hallandale Beach sit in the Market section below. Filter that Hallandale Beach commercial set by closing date to see what else financed near 1000 E Hallandale Beach Blvd, Hallandale Beach, FL, USA around 2021. Published consideration for 1000 E Hallandale Beach Blvd, Hallandale Beach, FL, USA is $3M, dated 2021. Cite this Sheridan Capital Provides $2.95M Bridge Loan For Miami Condo Acquisition loan when underwriting similar commercial product around Hallandale Beach, Florida.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93