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4100 Hollywood Boulevard, H...

Sheridan Capital Provides $15.5M Refinance Loan For Multifamily Property In Gainesville
FINANCEDMultiFamily

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

Joe Fishman

Sheridan Capital

Broker

$226.4M

vol

18 deals

Broker
Aaron Kurlansky

Aaron Kurlansky

Sheridan Capital

Lender

$588.1M

vol

20 deals

Lender
Sheridan Capital
Sheridan CapitalLender

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