FINANCED
Sheridan Capital Provides $12.25M Bridge Loan For Vacant Multifamily Property In Freeport NY
17 Buffalo Avenue
MultiFamily
166,000 SF
166,000 SF
Financed 338 days ago
Summary
Loan
NEW YORK
MultiFamily
166,000 sqft
An acquisition financing was provided by in-house debt fund, Sheridan Capital, for a vacant building located at 17 Buffalo Avenue, Freeport, NY. The multifamily property spans 166,000 square feet with 200 units. The loan amount for the transaction was $12,250,000, with a bridge loan type and terms of 70% LTV, 45-Day Close, and a 12-Month Term.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,250,000
- Address: 17 Buffalo Avenue
- Market: Freeport
- Square Footage: 166,000
- Units: 200
The transaction was facilitated by Avi Eyal and Josh Pollack from FM Capital, serving as brokers for BOSFA, the landlord. For more information or to discuss any financing needs, please contact Avi Eyal at [email protected].
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Avi Eyal & Josh Pollack
DATE: 05/31/2023
ADDRESS: 17 Buffalo Avenue
MARKET: Freeport
ASSET TYPE: Multifamily ~ SF: 166,000 ~ UNITS: 200
LENDER: Sheridan Capital
LANDLORD: BOSFA
BROKERS: Avi Eyal (@AviEyal) & Josh Pollack - FM Capital
LOAN AMOUNT: $12,250,000
LOAN TYPE: Bridge
LOAN TERMS: 70% LTV, 45-Day Close, 12-Month Term.
NOTE FROM BROKER: Using our in-house debt fund, Sheridan Capital, we provided acquisition financing for this vacant building in Freeport NY.
For more information and to discuss your next or any financing needs on . please contact Avi Eyal at [email protected]
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