Sheridan Capital Provides $6.8M Refinance Loan For Multifamily Portfolio

The property involved in the deal is a multifamily asset located at 2024 3rd Avenue & 108 East Thrush Avenue, with a total square footage of 480,172. The property comprises 212 units and is situated in New Brighton, PA & Crestline, OH.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,800,000
• Lender: Sheridan Capital
• Brokers: Ariel Forman & Chaim Tessler - Meridian Capital Group
• Loan Type: Refinance
• Loan Terms: HAP Contract, 2 year term, Interest-Only

The key individuals and companies involved in the transaction include Ariel Forman and Chaim Tessler from Meridian Capital Group, who acted as brokers. The loan was provided by Sheridan Capital with specific terms of a 2-year Interest-Only refinance under an HAP Contract.