Sheridan Capital Provides $3.2M Bridge Loan For Office Property In Doral
1400 Northwest 96th Avenue, Doral, FL, USA
$3,200,000
$148/SF
Building Size
21,563 SF
Asset Type
Office
Closing
May 16, 2021
About this deal
AI
The office property located at 1400 NW 96th Avenue in Doral has been involved in a closed transaction. The loan type for this deal was a bridge loan. The lender, Sheridan Capital, provided a loan amount of $3,200,000. This office property transaction took place on May 17, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,200,000
- Market: Doral
- Loan Type: Bridge
- Lender: Sheridan Capital
Dan Kaweblum shared an image of the property on May 17, 2021, through an Instagram post. The address of the property is 1400 NW 96th Avenue. This transaction demonstrates the involvement of Sheridan Capital as the lender for the bridge loan.
Players
Doral Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93