Updated Dec 4, 2024
Sheridan Capital Provides $5.75M Bridge Loan For Multifamily Property In Kissimmee, FL
1815 West Vine Street, Kissimmee, FL, USA
$5,750,000
$82/SF
Building Size
70,000 SF
Asset Type
MultiFamily
Closing
Jul 30, 2020
About this deal
AI
An multifamily property located at 1815 West Vine St in Kissimmee, FL has recently undergone a closed transaction. The deal involved a loan provided by Sheridan Capital, with a loan amount of $5,750,000. The loan type for this transaction was a bridge loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,750,000
- Address: 1815 West Vine St, Kissimmee, FL
- Market: Kissimmee, FL
The lending arrangement was facilitated by Joe Hercenberg from Walker & Dunlop, representing the borrower. The loan origination was handled by Mike Yassky.
Players
Kissimmee 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
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93