Sheridan Capital Provides $22,500,000 Refinancing Loan For 54-Unit Multifamily In Bloomingburg
FINANCED
$22,500,000
New York
See Similar DealsMultiFamily
Financed 03/29/2026
FINANCED
Sheridan Capital Provides $22,500,000 Refinancing Loan For 54-Unit Multifamily In Bloomingburg
MultiFamily
Financed 03/29/2026
Summary
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is a multifamily property consisting of 54 units, located within the Bloomingburg market. The loan amount for this property transaction is $22,500,000, with the type of loan being a refinance.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,500,000
- Lender: Sheridan Capital
- Lender's Representative: Ralph Gelley - Sheridan Capital
- Transaction Date: 3/30/2026
This transaction was facilitated by Ralph Gelley, who represents Sheridan Capital in this deal, highlighting the role of the lender's representative in securing financing for the property involved in the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,500,000.00
Monthly NOI$150,000.00
Monthly Debt Service$142,215.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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