Asher Bittman Of Sheridan Capital Provides $16.8M Bridge Loan For Multifamily Asset In Victoria
FINANCED
$16,800,000
Texas
See Similar DealsMultiFamily204,274 SF
Financed 03/20/2026
FINANCED
Asher Bittman Of Sheridan Capital Provides $16.8M Bridge Loan For Multifamily Asset In Victoria
4405 North Navarro Street
See Similar DealsMultiFamily204,274 SF
Financed 03/20/2026
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$82
Total Square Footage:204,274 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 4405 North Navarro Street in Victoria. It comprises 288 units and has a total square footage of 204,274. The transaction was financed through a bridge loan amounting to $16,800,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,800,000
- Address: 4405 North Navarro Street
- Market: Victoria
- Units: 288
- Square Footage: 204,274
- Lender: Asher Bittman - Sheridan Capital
- Landlord's Representative: Vincent Fuquen - Marcus & Millichap
- Loan Type: Bridge
This transaction highlights the involvement of key professionals, including Asher Bittman from Sheridan Capital, who served as the lender for the bridge loan, and Vincent Fuquen from Marcus & Millichap, who represented the landlord in this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,800,000.00
Monthly NOI$112,000.00
Monthly Debt Service$106,187.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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