Updated Dec 4, 2024
Sheridan Capital Provides $4.2M Bridge Loan For Multifamily Property Acquisition In Jacksonville, FL
888 Franklin Street, Jacksonville, Florida 32206, United States
$4,200,000
Units
98
Asset Type
MultiFamily
Closing
Jun 12, 2022
About this deal
AI
The multifamily property located at 888 Franklin Street in Jacksonville, FL has been involved in a recent closed transaction. The property consists of 98 units and is situated in the market of Jacksonville, FL.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Address: 888 Franklin Street
- Market: Jacksonville, FL
- Units: 98
Sheridan Capital, represented by Dan Kaweblum, provided a bridge loan for this transaction in the amount of $4,200,000.
The multifamily loan at 888 Franklin Street, Jacksonville, Florida 32206, United States in Jacksonville, Florida financed for $4.2M in 2022. Reported inventory is 98 units across 98 units. Sheridan Capital appears on the loan alongside Sheridan Capital. This page is the Jacksonville, Florida file for the 888 Franklin Street, Jacksonville, Florida 32206, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Jacksonville sit in the Market section below. Filter that Jacksonville multifamily set by closing date to see what else financed near 888 Franklin Street, Jacksonville, Florida 32206, United States around 2022. Published consideration for 888 Franklin Street, Jacksonville, Florida 32206, United States is $4.2M, dated 2022. Cite this Sheridan Capital Provides $4.2M Bridge Loan For Multifamily Property Acquisition In Jacksonville, FL loan when underwriting similar multifamily product around Jacksonville, Florida.
Players
Jacksonville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Sheridan Capital to view all their deals.
Browse Florida multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93