Sheridan Capital Provides $3.8M Refinance Loan For Retail Property In Cooper City, FL
Cooper City, FL, USA
$3,800,000
Building Size
—
Asset Type
Retail
Closing
Jul 19, 2021
About this deal
AI
Located in Cooper City, FL, a retail property recently underwent a loan refinancing transaction. The deal was closed on July 20, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,800,000
- Loan Type: Refinance
- Loan Terms: 3.30%
Sheridan Capital served as the lender for this transaction. Representing the deal were brokers Joe Fishman & Thiel Ben-Naim, who facilitated the loan refinancing.
The refinancing involved securing a loan amount of $3,800,000 at a fixed interest rate of 3.30%. The property's prime location in Cooper City, FL, made it an attractive asset for the transaction.
Players
Cooper City 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93