Sheridan Capital Provides $10.2M Loan For MultiFamily Property On Las Vegas Trail
3254 Las Vegas Trail
$10,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 14, 2023
AI
The property involved in this closed transaction is a MultiFamily asset located at 3254 Las Vegas Trail in Fort Worth. The loan for this transaction was secured by Joe Fishman, a representative from Sheridan Capital. The broker for this deal was Jonathan Zilber from Meridian Capital.
Summary of transaction details
- Property Type: MultiFamily
- Loan Amount: $10,200,000
- Lender: Joe Fishman - Sheridan Capital
- Broker: Jonathan Zilber - Meridian Capital
The individuals involved in this deal include Joe Fishman from Sheridan Capital, who provided the loan, and Jonathan Zilber from Meridian Capital, who acted as the broker. The loan amount for this transaction was $10,200,000.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93