Sheridan Capital Provides $2.97M Bridge Loan For Senior Facility In New Port Richey
7435 Plathe Road, New Port Richey, FL 34653
$2,975,000
$80/SF
Building Size
37,160 SF
Asset Type
Other
Closing
May 14, 2020
About this deal
AI
The senior facility located at 7435 Plathe Road in New Port Richey has secured a bridge loan. The loan, provided by Sheridan Capital, amounts to $2,975,000. The facility is situated in a vibrant market and offers excellent potential for growth.
Summary of Transaction Details
- Property Type: Senior Facility
- Transaction Amount: $2,975,000
- Loan Type: Bridge
- Lender: Sheridan Capital
Sheridan Capital played a crucial role in facilitating this loan, ensuring the successful completion of the transaction. Their expertise in the field of lending for senior facilities was a valuable asset to both parties involved in the deal.
Players
New Port Richey Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.33%
Cash-on-Cash
-1.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93