FINANCED
Lee Schwartz Of Sheridan Capital Provides $10.8M Loan For Gulf Breeze Multifamily Property
75 Nightingale Lane
Building Size
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Asset Type
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Closing
Jul 1, 2025
AI
The asset involved is a multifamily property consisting of 74 units located at 75 Nightingale Lane in Gulf Breeze. It has secured a loan amount of $10,800,000 to facilitate the transaction.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $10,800,000
- Address: 75 Nightingale Lane
- Market: Gulf Breeze
- Lender: Lee Schwartz - Sheridan Capital
Lee Schwartz from Sheridan Capital represents the lending side of this multifamily property transaction, facilitating the loan process for the buyer.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93