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FINANCED

Sheridan Capital Provides $12.25M Bridge Loan For Vacant Multifamily Property In Freeport NY

17 Buffalo Avenue

MultiFamily
166,000 SF
clock iconFinanced 356 days ago
Avi Eyal
Joshua (Josh) Pollack
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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].

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Avi Eyal's profile picture
Avi Eyal
FM Capital⁠-image
Vice President of Originations
$1.8M Sold

Details

Deal Summary
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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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Address17 Buffalo Avenue

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