Sheridan Capital Provides $32.5M Bridge Loan For Multifamily In Boca Raton
100 West Hidden Valley Boulevard
$32,500,000
$268/SF
Building Size
121,181 SF
Asset Type
MultiFamily
Closing
Mar 18, 2024
AI
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
Boca Raton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93