Sheridan Capital Arranges $2.75M Acquisition Loan For Miami Multifamily Property
FINANCED
$2,750,000
Florida
See Similar DealsMultiFamily24,986 SF
Financed 01/10/2024
FINANCED
Sheridan Capital Arranges $2.75M Acquisition Loan For Miami Multifamily Property
326 Southwest 13th Avenue
See Similar DealsMultiFamily24,986 SF
Financed 01/10/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$110
Total Square Footage:24,986 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily building located at 326 Southwest 13th Avenue in Miami. The property consists of 40 units and has a total square footage of 24,986. The loan for this acquisition amounts to $2,750,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,750,000
- Address: 326 Southwest 13th Avenue
- Market: Miami
- Units: 40
- Square Footage: 24,986
- Loan Type: Acquisition Loan
The key individuals involved in this transaction include brokers Lee Schwartz and Michael Yassky, representing Sheridan Capital in the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,750,000.00
Monthly NOI$18,333.33
Monthly Debt Service$17,381.87
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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