Sheridan Capital Provides $15.5M Refinance Loan For Multifamily Property In Gainesville
4100 Hollywood Boulevard, Hollywood, Florida 33021, United States
$15,500,000
$103/SF
Building Size
150,000 SF
Asset Type
MultiFamily
Closing
Mar 7, 2022
AI
The property involved in this transaction is a multifamily asset located at 4100 Hollywood Blvd in Gainesville. It consists of 120 units with a total square footage of 150,000. The loan for this property was a refinance.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,500,000
- Address: 4100 Hollywood Blvd
- Market: Gainesville
- Units: 120
- Square Feet: 150,000
The lender involved in this transaction was Sheridan Capital, represented by Aaron Kurlansky, Lee Schwartz, and Michael Yassky. Joe Fishman served as the loan originator.
Players
Hollywood 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93