Sheridan Capital Provides $4.35M Bridge Loan For Industrial Property In Pompano Beach
1400 Southwest 1st Court, Pompano Beach, Florida 33069, United States
$4,350,000
$91/SF
Building Size
47,778 SF
Asset Type
Industrial
Closing
Sep 20, 2022
AI
The industrial property located at 1400 SW 1st Ct in Pompano Beach has been involved in a recent transaction. The property spans 47,778 square feet and is categorized as an industrial asset.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Date: 09/21/2022
- Address: 1400 SW 1st Ct
- Market: Pompano Beach
- Square Footage: 47,778 SF
The loan for this transaction was provided by Sheridan Capital, with Joe Fishman acting as the lender. The loan amount was $4,350,000 and it was structured as a bridge loan. Nate Hyman from Polaris represented the deal as the broker.
Players
Pompano Beach Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93