Updated Dec 4, 2024
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
About this deal
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.
On the Map
$15,500,000
$103/SF
MultiFamily
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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