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3254 Las Vegas Trail

Sheridan Capital Provides $10.2M Loan For MultiFamily Property On Las Vegas Trail
FINANCEDMultiFamily

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

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

Joe Fishman

Sheridan Capital

Lender

$226.4M

vol

18 deals

Lender
Sheridan Capital
Sheridan CapitalLender

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