Updated Dec 4, 2024
Sheridan Capital Provides $5M Acquisition Loan For Manufactured Housing Property On Main Street In Jacksonville
7000 Main Street
$5,000,000
$16/SF
Building Size
304,920 SF
Asset Type
Manufactured Home
Closing
Sep 14, 2023
About this deal
AI
The property at 7000 Main Street in Jacksonville has been recently involved in a loan transaction. The loan, originated by Sheridan Capital, was for an acquisition. The loan amount was $5,000,000.
Summary of transaction details
- Property Type: Manufactured Housing
- Transaction Amount: $5,000,000
- Units: 207
- Market: Jacksonville
This loan transaction was facilitated by Sheridan Capital, a lender specializing in real estate financing. The property consists of 207 units and is located at 7000 Main Street in Jacksonville.
The manufactured home loan at 7000 Main Street in Florida financed for $5M in 2023. Reported inventory is 304,920 square feet across 207 units, or about 16 per square foot. Sheridan Capital appears on the loan alongside Sheridan Capital. This page is the Florida file for the 7000 Main Street manufactured home financed: pricing, party profiles, and other closed manufactured home comps from the same Florida sit in the Market section below. Filter that local manufactured home set by closing date to see what else financed near 7000 Main Street around 2023. Published consideration for 7000 Main Street is $5M, dated 2023. Cite this Sheridan Capital Provides $5M Acquisition Loan For Manufactured Housing Property On Main Street In Jacksonville loan when underwriting similar manufactured home product around Florida.
Players
Market Manufactured Home Market Snapshot
Boundary boundary · Manufactured Home · Loan transactions
Loading comparables…
Deal FAQ
Visit Sheridan Capital to view all their deals.
Browse Florida manufactured home loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93