Sabal Capital Partners Provides $4.5M Permanent Loan For Multifamily Property In Lorain, Ohio
FINANCED
$4,500,000
MultiFamily11,761 SF
Financed 08/13/2021
FINANCED
Sabal Capital Partners Provides $4.5M Permanent Loan For Multifamily Property In Lorain, Ohio
1235 Shaffer Drive, Lorain, OH 44053
See Similar DealsMultiFamily11,761 SF
Financed 08/13/2021
Summary
OHIO
Asset Type:MultiFamily
Price Per Square Foot:$382
Total Square Footage:11,761 SF
Transaction Type:Loan
A multifamily property located at 1235 Shaffer Dr in Lorain, Ohio has recently undergone a closed transaction. The property spans across 1,750,000 square feet and consists of 168 units. It is equipped with amenities such as a swimming pool and tennis court.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Lender: Sabal Capital Partners
- Broker: Noam Temchin & Jonathan Kramer - FM Capital
Noam Temchin and Jonathan Kramer from FM Capital represented the involved parties in this deal.
The loan obtained for this transaction was of a permanent type, with a loan amount of $4,500,000. The loan terms include a 10-year duration with full term interest only. The swimming pool and tennis court, along with the 168 units, were key factors in this loan agreement.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,500,000.00
Monthly NOI$30,000.00
Monthly Debt Service$28,443.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions