Sheridan Capital Provides $4.35M Bridge Loan For Industrial Property In Pompano Beach
FINANCED
Florida
See Similar DealsIndustrial47,778 SF
Financed
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 DealsIndustrial47,778 SF
Financed
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
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
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
Is there something missing? Send suggestions
