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Sheridan Capital Provides $32.5M Bridge Loan For Multifamily In Boca Raton

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FINANCED
$32,500,000

Florida

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MultiFamily121,181 SF
Financed 03/18/2024
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FINANCED

Sheridan Capital Provides $32.5M Bridge Loan For Multifamily In Boca Raton

100 West Hidden Valley Boulevard

See Similar Deals
MultiFamily121,181 SF
Financed 03/18/2024
Contact now

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

Michael Yassky
8 deals$155M volume
BROKER

Lee Schwartz
Sheridan Capital
9 deals$122.7M volume
BROKER

Sheridan Capital
LENDER

Details

FINANCED
IMAGE: Michael Yassky DATE: 03/18/2024 ADDRESS: 100 West Hidden Valley Boulevard MARKET: Boca Raton, FL ASSET TYPE: Multifamily ~ SF: 121,181 LENDER: Sheridan Capital BROKERS: Lee Schwartz & Michael Yassky - Sheridan Capital LOAN AMOUNT: $32,500,000 LOAN TYPE: Construction Completion Bridge Loan NOTE FROM BROKER: Lee Schwartz [email protected] Michael Yassky [email protected]

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Deal Type
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