Sheridan Capital Provides $8.74M Bridge Loan For Retail Property In Sunrise, FL
4505 North Pine Island Road, Sunrise, Florida 33351, United States
$8,740,000
$83/SF
Building Size
104,481 SF
Asset Type
Retail
Closing
Jan 13, 2022
AI
The retail property located at 4505 N. Pine Island Rd in Sunrise, FL has been involved in a closed transaction. The property spans approximately 104,481 square feet and is situated in a vibrant market.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $8,740,000
- Loan Type: Bridge Loan
- Lender: Sheridan Capital – Joe Fishman
- Broker: CJ Danziger
Joe Fishman, representing Sheridan Capital, provided a bridge loan of $8,740,000 for the retail property transaction. The broker involved in the deal is CJ Danziger.
Players
Sunrise Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93