Recent closings

Miami, FL

$5,887,500

Miami, FL

Multifamily

CALIFORNIA CLUB: 64-unit garden-style multifamily property located in Miami, Florida. The property was built in 1978 and is located west of I-95 in the Ives Estates community, which boarders Aventura. The property was formerly the clubhouse and hotel for the California Club Golf Course. The golf course has since been redeveloped into a luxury single family home community known as Aventura Isles. The California Club 35 studios, 27 one-bedroom, and 2 two-bedroom apartments. All units feature a private patio or balcony and the apartments located within the southern portion of the property enjoy lake views. Common amenities include the landscaped property grounds and two laundry rooms.

Brooklyn, NY

$5,500,000

Brooklyn, NY

Multifamily

CONEY ISLAND: 20-unit class A multifamily property in the Coney Island neighborhood of Brooklyn, NY that was built in 2019. The property consists of a single 5-story elevator building that sits on a 0.16-acre plot and has 10 parking spaces. Unit amenities include wash/dryer hookups, granite countertops, stainless steel appliances, and central heating and air conditioning. The property also has one community facility condominium.

Newport News, VA

$9,000,000

Newport News, VA

RESIDENTIAL

NEWPORT NEWS: 133-unit multifamily property in Newport News, Virginia that was built in 1973. It is a single 15 story elevator building that sits on a 1.10 acre plot and is adjacent to Christopher Newport Park, which is along the water. The property is well located in downtown Newport News with easy access to Norfolk, Hampton, the naval station, and other points of retail and business. This 133-unit property consists of 78 1-bed, 37 2-bed, and 18 3-bed units. Property amenities include 48 covered parking spaces, 80 free surface spaces, a fitness center, laundry facilities, pool, and easy access waterfront.

West Palm Beach, FL

$7,500,000

West Palm Beach, FL

Hotel

Sheridan Capital originated a $7,500,000 loan on an acquisition of a vacant 50 room hotel located at 123 S Ocean Ave in West Palm Beach. The loan was used to fund the acquisition and CAPEX. The loan closed in under 2 weeks and was structured to allow the sponsor to complete their business plan in converting the hotel into multifamily. The 50 room hotel is 35,178-square-foot building was constructed in 1966. The 0.65-acre lot is adjacent to a parking lot that fronts the ocean. It’s less than a mile from the Ritz-Carlton Residences Singer Island.

Wilson, NC

$4,575,000

Wilson, NC

Multifamily

Sheridan Capital originated a $4,575,000 acquisition bridge loan for a 118-unit multifamily property in Wilson, North Carolina. The property is located near Barton College and has easy access to downtown Wilson, major highways, and retail areas. The communities 10-buildings are spread across a 3.66-acre plot. The loan was originated and closed in 3 weeks.

Montgomery, AL

$16,750,000

Montgomery, AL

Multifamily

Sheridan Capital originated a $16,750,000 bridge loan to acquire a 504-unit multifamily property in Montgomery, Alabama. The communities 26 buildings were built in 1972 and are spread across a 26.6 -acre plot. Community features include on-site laundry facilities, fitness center, dog park, and pool with cabana. Unit amenities include full kitchens, balconies/patios, and loft layouts. The property is conveniently located at the intersection of I-85 and Eastern Blvd, which provides easy access to Alabama State University, downtown Montgomery, and the surrounding suburbs. The communities 10-buildings are spread across a 3.66-acre plot.

Southfield, MI

$12,500,000

Southfield, MI

Multifamily

Sheridan Capital originated a $12,500,000 bridge loan for the purpose of refinancing a 349-unit Memory Care, Assisted and Independent Living community in Southfield, MI. The intimate senior campus is spread across a 12.12- acre plot and is located just minutes from shopping, dining, entertainment, and healthcare. The community offers many amenities and services to their residents including a library, an on-site beautician, landscaped grounds, an on-site diner, and an outdoor garden.

Michigan, Ohio & Florida

$33,125,000

Michigan, Ohio & Florida

9 Building Portfolio

Sheridan Capital originated a $33,125,000 bridge loan cross-collateralized across 9 buildings in 3 states. The loan included the purchase of 2 industrial assets totaling 1.3MM sq ft, and the refinance of a 3 building portfolio. With strong tenants in place and the sponsor’s vast experience in the industry, Sheridan Capital is confident in this investment.

Dothan, AL

$13,000,000

Dothan, AL

Multifamily

Garden Creek I and II total 336 units and are located approximately 6 miles away from one another. The subject properties are located in Dothan Alabama which is Southeast Alabama’s Economic Hub. Widely regarded as the “southeastern gem” of the state, Dothan boasts an expanding medical/industrial economy and strong local job growth. The two assets are situated in convenient locations that offer easy access to beaches, downtown, quality jobs, high-end retail and healthcare. Management is working diligently to renovate units and upgrade the asset’s amenities and security.