FINANCEDRetail
Ophir Sternberg Secures $11.8 Million Loan For Retail Acquisition In Naples
$11,800,000
Building Size
—
Asset Type
Retail
Closing
Jun 21, 2026
About this deal
AI
The asset involved in this transaction is a retail property located in Naples. The loan amount secured for the acquisition of this asset is $11,800,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,800,000
- Lender: Sheridan Capital
- Originator: Lee Schwartz - Sheridan Capital
- Sponsor: Ophir Sternberg
- Loan Type: Acquisition
- Date: 06/22/2026
This transaction features key individuals including Lee Schwartz, who represents Sheridan Capital as the originator of the loan, and Ophir Sternberg, who is the sponsor of the deal.
Players
Market 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
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93