Sheridan Capital Closes $6.85M Bridge Loan For Multifamily Asset In Tequesta
FINANCED
$6,850,000
Florida
See Similar DealsMultiFamily32,302 SF
Financed 07/16/2025
FINANCED
Sheridan Capital Closes $6.85M Bridge Loan For Multifamily Asset In Tequesta
3770 Southeast County Line Road
See Similar DealsMultiFamily32,302 SF
Financed 07/16/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$212
Total Square Footage:32,302 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,850,000.00
Monthly NOI$45,666.67
Monthly Debt Service$43,296.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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