Sheridan Capital Provides $11M Bridge Loan For Fort Lauderdale Hotel
FINANCED
$11,000,000
Florida
See Similar DealsHotel123,092 SF
Financed 08/13/2021
FINANCED
Sheridan Capital Provides $11M Bridge Loan For Fort Lauderdale Hotel
4900 Powerline Rd, Fort Lauderdale, FL, USA
See Similar DealsHotel123,092 SF
Financed 08/13/2021
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$89
Total Square Footage:123,092 SF
Transaction Type:Loan
A hotel located at 4900 Powerline Rd in Fort Lauderdale has been involved in a recent transaction. The loan for this property was provided by Sheridan Capital. The brokers involved in this deal were Joe Back and Aaron Kurlansky.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $11,000,000
- Loan Type: Bridge
The lenders, Sheridan Capital, played a key role in providing the loan for this hotel property. Joe Back and Aaron Kurlansky, the brokers representing the parties involved in the transaction, facilitated the deal.
Please note that the CONTEXT provided does not mention any additional details for inclusion in the article.Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,000,000.00
Monthly NOI$73,333.33
Monthly Debt Service$69,527.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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