Sheridan Capital Provides $18M Bridge Loan For Mixed-Use Property In Miami
FINANCED
$18,000,000
Florida
See Similar DealsOffice236,250 SF
Financed
FINANCED
Sheridan Capital Provides $18M Bridge Loan For Mixed-Use Property In Miami
633 Northeast 167th Street
See Similar DealsOffice236,250 SF
Financed
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$76
Total Square Footage:236250 SF
Transaction Type:Loan
A mixed-use property located at 633 NE 167th St in Miami has been involved in a recent closed transaction. The property spans approximately 118,125 square feet and is situated in a desirable market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $18,000,000
- Address: 633 NE 167th St
- Market: Miami
- Loan Amount: $18,000,000
- Loan Type: Bridge Loan
The loan for this transaction was provided by Sheridan Capital, with Joe Fishman representing the lender. There are no additional details available regarding the individuals or companies involved in the deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,000,000.00
Monthly NOI$120,000.00
Monthly Debt Service$113,772.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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