Sheridan Capital Provides $8.74M Bridge Loan For Retail Property In Sunrise, FL
FINANCED
$8,740,000
Florida
See Similar DealsRetail104,481 SF
Financed
FINANCED
Sheridan Capital Provides $8.74M Bridge Loan For Retail Property In Sunrise, FL
4505 North Pine Island Road, Sunrise, Florida 33351, United States
See Similar DealsRetail104,481 SF
Financed
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$83
Total Square Footage:104481 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,740,000.00
Monthly NOI$58,266.67
Monthly Debt Service$55,242.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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