Ralph Gelley Of Sheridan Capital Provides $21 Million Loan For Daytona Beach Multifamily Acquisition
FINANCED
$21,000,000
Florida
See Similar DealsMultiFamily
Financed
FINANCED
Ralph Gelley Of Sheridan Capital Provides $21 Million Loan For Daytona Beach Multifamily Acquisition
MultiFamily
Financed
Summary
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,000,000.00
Monthly NOI$140,000.00
Monthly Debt Service$132,734.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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