Sheridan Capital Provides $10M Acquisition Loan For Mixed-Use Property In New York
FINANCED
$10,000,000
New York
See Similar DealsMixed-use45,576 SF
Financed
FINANCED
Sheridan Capital Provides $10M Acquisition Loan For Mixed-Use Property In New York
992 1000 Amsterdam ave
See Similar DealsMixed-use45,576 SF
Financed
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$219
Total Square Footage:45576 SF
Transaction Type:Loan
A mixed-use property in New York has been acquired through a $10,000,000 loan. The property spans across 45,576 square feet and is located in the market of New York.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $10,000,000
- Market: New York
- Square Footage: 45,576
The loan was provided by Sheridan Capital, with Joe Fishman representing the lender. Polaris Funding's Nate Hyman acted as the broker in the deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,000,000.00
Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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