Sheridan Capital Provides $16.75M Bridge Loan For Multifamily Property In Bay Harbor Islands

The property involved in this transaction is a multifamily asset located at 9200, 9270, 10150 & 10190E Bay Harbor Drive and 1075 101st St in Bay Harbor Islands. It spans a total square footage of 66,625 and consists of 76 units. The property is situated in a desirable market, attracting potential investors and residents.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $16,750,000
• Lender: Sheridan Capital
• Loan Type: Bridge

Sheridan Capital acted as the lender in this transaction, providing a bridge loan for the property acquisition. The loan amount totaled $16,750,000, supporting the buyer's investment strategy. This financing arrangement allows for a temporary loan to facilitate the purchase while the buyer secures permanent financing or completes necessary improvements on the property.