Updated May 21, 2026
Sheridan Capital Provides $15,800,000 Acquisition Loan For 252-Unit Multifamily Asset In Forest Hill
5151 Mansfield Highway
$15,800,000
$64/SF
Building Size
246,423 SF
Asset Type
MultiFamily
Closing
May 13, 2026
About this deal
AI
The property located at 5151 Mansfield Highway in Forest Hill is a multifamily asset comprising 252 units with a total square footage of 246,423. The acquisition loan amount for this property is $15,800,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,800,000
- Address: 5151 Mansfield Highway
- Market: Forest Hill
- Lender: Sheridan Capital
- Lender's Representative: Asher Bittman - Sheridan Capital
- Loan Type: Acquisition
The transaction features Asher Bittman representing Sheridan Capital as the lender's representative. His involvement is crucial in facilitating the acquisition deal for the multifamily property in question.
On the Map
$15,800,000
$64/SF
MultiFamily
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Players
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Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93