Updated May 12, 2025
Sheridan Capital Provides $10.24M Bridge Loan For Tampa Multifamily Property
3810 West San Carlos Street, Tampa, FL, USA
$10,240,000
$309/SF
Building Size
33,082 SF
Asset Type
MultiFamily
Closing
Sep 29, 2021
About this deal
AI
The asset involved in this transaction is a multifamily property located at 3810 W. San Carlos Street, 4410 N. Hale Avenue, and 4807 W. Flamingo Road within the Tampa market. The property encompasses a substantial square footage of 100,000 and consists of a total of 132 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,240,000
- Loan Type: Bridge
- Lender: Sheridan Capital
- Broker: Joe Fishman - FM Capital
The deal is facilitated by Joe Fishman, representing the brokerage FM Capital, who plays a key role in connecting the parties involved in securing financing for the multifamily asset.
Players
Tampa 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
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93