Sheridan Capital Provides $32.5M Bridge Loan For Multifamily In Boca Raton
FINANCED
Florida
See Similar DealsMultiFamily121,181 SF
Financed 03/18/2024
FINANCED
Sheridan Capital Provides $32.5M Bridge Loan For Multifamily In Boca Raton
100 West Hidden Valley Boulevard
See Similar DealsMultiFamily121,181 SF
Financed 03/18/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$268
Total Square Footage:121,181 SF
Transaction Type:Loan
The multifamily property located at 100 West Hidden Valley Boulevard in Boca Raton, FL spans 121,181 square feet. The loan for this property was provided by Sheridan Capital, with Lee Schwartz and Michael Yassky from Sheridan Capital serving as the brokers.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $32,500,000
- Address: 100 West Hidden Valley Boulevard
- Market: Boca Raton, FL
- Lender: Sheridan Capital
- Brokers: Lee Schwartz & Michael Yassky - Sheridan Capital
- Loan Type: Construction Completion Bridge Loan
The brokers for this deal, Lee Schwartz and Michael Yassky, are contactable via email at [email protected] and [email protected], respectively.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$32,500,000.00
Monthly NOI$216,666.67
Monthly Debt Service$205,422.11
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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