Sheridan Capital Partners and Muchmore Capital Launch Partnership for Multifamily Financing Solutions

Strategic Partnership Announcement

Sheridan Capital Partners has announced a groundbreaking partnership with Muchmore Capital, resulting in the establishment of Sheridan MMC. This new entity is designed to provide financial solutions predominantly focused on the multifamily sector, healthcare properties, and senior living facilities.

With an increase in demand for innovative financing methods, Sheridan MMC aims to fill a crucial gap in the market by offering both bridge loans and HUD financing solutions. These products will cater to a diverse clientele, ensuring that real estate investors and property operators have access to comprehensive lending options as they navigate their financial needs.

Enhancing Offerings through Collaboration

Aaron Kurlansky, Principal at Sheridan Capital, remarked on the significance of this partnership: "The collaboration with Muchmore Capital signifies a pivotal achievement for us. The blend of our expertise and resources will empower us to deliver top-notch service and pioneering financing solutions in the multifamily and healthcare sectors."

Jonathan Coven, Principal at Muchmore Capital, echoed these sentiments, underlining the strategic advantages of their combined efforts: "This partnership leverages Sheridan’s considerable experience in providing bridge financing alongside Muchmore Capital’s proficiency in executing HUD loans aimed at seniors, healthcare, and multifamily assets. In a climate where regulatory pressures are forcing banks to retract their lending capabilities, Sheridan MMC stands poised to bridge that void, allowing for enhanced leverage without the need for traditional banking constraints."

Unique Financing Solutions

Sheridan MMC is targeting real estate investors who have been struggling to secure funding due to recent banking restrictions, particularly around turnaround deals. Unlike traditional banks that often require borrowers to open depository accounts, which can range from 10% to 20% of the loan amount, Sheridan MMC will not impose such requirements. This approach not only increases leverage for borrowers but also simplifies the financing process significantly.

Jonathan continued, "Given these advantages, it's no surprise our phones are ringing off the hook. The demand for flexible, innovative financing is more critical now than ever."

Presence Across Key Locations

Sheridan MMC will operate from key locations, including New York, Florida, and Washington D.C., allowing for a wider outreach to clients in these essential markets. This geographical advantage positions them well within the multifamily and healthcare sectors, enabling quick turnaround times and accessible resources for potential borrowers.

About the Leaders Behind the Partnership

Sheridan Capital has established itself as a frontrunner in the commercial real estate debt arena, having originated over $2 billion in debt since its inception. The firm's reputation for reliability and innovation is matched by Muchmore Capital's expertise in bridging loans and HUD financing, led by founder Jonathan Coven, who has spent over two decades in the industry.

Launched in 2021, Muchmore Capital was born out of Jonathan’s expansive background, having previously overseen a platform at Greystone & Co. dedicated to bridge financing for healthcare deals. With a total of $3.2 billion of bridge to HUD loans closed under his belt for healthcare properties, Jonathan brings a wealth of experience into this partnership.

Conclusion

The synergy of Sheridan Capital and Muchmore Capital promises to offer notable benefits for multifamily and healthcare investors. As they embark on this partnership, Sheridan MMC seeks to redefine the standards of financing within these critical sectors, fostering growth and opportunity in a rapidly evolving market. For further inquiries or to learn more about Sheridan MMC and their offerings, reach out directly via email at [contact@sheridanmmc.com].