Updated Dec 4, 2024
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
About this deal
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