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Sheridan Capital Provides $4.35M Bridge Loan For Industrial Property In Pompano Beach

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FINANCED
$4,350,000

Florida

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Industrial47,778 SF
Financed
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Property Image
FINANCED

Sheridan Capital Provides $4.35M Bridge Loan For Industrial Property In Pompano Beach

1400 Southwest 1st Court, Pompano Beach, Florida 33069, United States

See Similar Deals
Industrial47,778 SF
Financed
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$91
Total Square Footage:47778 SF
Transaction Type:Loan

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

Nate Hyman
15 deals$490.8M volume(212) 376-4560
BROKER

Joe Fishman
Sheridan Capital
18 deals$226.4M volume
LENDER

Sheridan Capital
LENDER

Details

FINANCED
IMAGE: Joe Fishman & Nate Hyman DATE: 09/21/2022 ADDRESS: 1400 SW 1st Ct MARKET: Pompano Beach ASSET TYPE: Industrial ~ SF: 47,778 LENDER: Sheridan Capital - Joe Fishman BROKER: Nate Hyman (@HymanNate) - Polaris LOAN AMOUNT: $4,350,000 LOAN TYPE: Bridge Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,350,000.00

Monthly NOI$29,000.00
Monthly Debt Service$27,494.96
Change in Cash Flow$0.00
Refinance Proceeds$0.00