Sheridan Capital Closes $6.85M Bridge Loan For Multifamily Asset In Tequesta

The property asset involved in this transaction is a multifamily unit located at 3770 Southeast County Line Road in Tequesta. This asset comprises 16 units and has a total square footage of 32,302. The loan amount secured for this property is $6,850,000, categorized as a bridge loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,850,000
• Address: 3770 Southeast County Line Road
• Market: Tequesta
• Units: 16
• Square Footage: 32,302
• Lender: Sheridan Capital
• Lender's Representative: Noam Temchin - FM Capital
• Loan Type: Bridge

This transaction involved Noam Temchin representing Sheridan Capital, the lender for the bridge loan. The loan is intended to support the multifamily property investment at the specified location.