Updated Mar 4, 2026
Sheridan Capital Provides $33.56M Bridge Loan For Austell, GA Multifamily Property
360 Riverside Parkway, Austell, Georgia 30168, United States
$33,560,000
$108/SF
Building Size
310,000 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
About this deal
AI
An multifamily property located at 360 Riverside PKWY & 595 Riverside PKWY in Austell, GA has been involved in a recent transaction. The property spans approximately 310,000 square feet and consists of 290 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $33,560,000
- Loan Type: Bridge loan
The loan for this transaction was provided by Sheridan Capital, with Aaron Kurlansky representing the lender. The landlord of the property is Tusk Equities, with Maurice Horn in charge. The deal was facilitated by brokers Steven Vegh and Phil Goldstein from Westwood Realty Associates.
On the Map
$33,560,000
$108/SF
MultiFamily
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Players
Austell MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93