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Sheridan Capital Provides $9M Purchase Loan For Fort Pierce Industrial Property

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FINANCED
$9,000,000
Elliot Levy
Joe Fishman
Yossi Koschitzki
+ 1

Florida

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Industrial
Financed
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FINANCED

Sheridan Capital Provides $9M Purchase Loan For Fort Pierce Industrial Property

1450 Bell Avenue, Fort Pierce, Florida 34982, United States

See Similar Deals
Industrial
Financed
Elliot Levy
Joe Fishman
Yossi Koschitzki
+ 1
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Transaction Type:Loan

An industrial property located at 1450 Bell Avenue in Fort Pierce, FL has been involved in a recent closed transaction. The property, with an estimated market value, was purchased for $9,000,000.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $9,000,000
  • Address: 1450 Bell Avenue, Fort Pierce, FL
  • Market: Fort Pierce, FL

The loan for this purchase transaction was provided by Sheridan Capital, with Joe Fishman representing the lender. The deal was facilitated by brokers Isaac Filler, Yossi Koschitzki, and Elliot Levy from the Meridian Capital Group.

Players

Isaac Filler
Filler Capital
Isaac Filler
72 deals$1.6B volume
BROKER
Yossi Koschitzki
Filler Capital
Yossi Koschitzki
59 deals$1.2B volume
BROKER
Elliot Levy
Meridian Capital Group
Elliot Levy
15 deals$431.1M volume
BROKER
Joe Fishman
Sheridan Capital
Joe Fishman
18 deals$226.4M volume
LENDER
Sheridan Capital
Sheridan Capital
LENDER

Details

FINANCED
IMAGE: Yossi Koschitzki, Isaac Filler, Elliot Levy & Joe Fishman DATE: 05/24/2022 ADDRESS: 1450 Bell Avenue MARKET: Fort Pierce, FL ASSET TYPE: Industrial LENDER: Sheridan Capital – Joe Fishman BROKERS: Isaac Filler, Yossi Koschitzki & Elliot Levy - Meridian Capital Group LOAN AMOUNT: $9,000,000 LOAN TYPE: Purchase

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$9,000,000.00

Monthly NOI$60,000.00
Monthly Debt Service$56,886.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00