FINANCEDMultiFamily
Ralph Gelley Of Sheridan Capital Provides $21 Million Loan For Daytona Beach Multifamily Acquisition
$21,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 4, 2026
AI
The asset involved in this transaction is a multifamily property located in Daytona Beach. The loan amount secured for this acquisition is $21,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,000,000
- Lender: Ralph Gelley - Sheridan Capital
- Loan Type: Acquisition
- Date of Transaction: 03/05/2026
Ralph Gelley from Sheridan Capital serves as the lender for this transaction, facilitating the acquisition of the multifamily property in Daytona Beach.
Players
Market 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93