Sheridan Capital is excited to announce its strategic partnership with Muchmore Capital (MMC) resulting in the formation of Sheridan MMC. Sheridan MMC will specialize in providing comprehensive financing solutions for multifamily, seniors and the healthcare sectors, specifically through both bridge and HUD financing.
With a focus on delivering tailored financial solutions, Sheridan MMC is committed to supporting the growth of multifamily and healthcare properties across the country. “Partnering with Muchmore Capital marks an important milestone for Sheridan Capital,” said Aaron Kurlansky, Principal at Sheridan Capital. “Our combined expertise and resources will enable us to provide exceptional service and innovative financing solutions in the multifamily and healthcare space.”
“This partnership will leverage Sheridan’s extensive experience providing bridge financing and Muchmore Capital’s expertise making HUD loans for seniors, healthcare and multifamily properties,” said Jonathan Coven, Principal of Muchmore Capital. “At a time when federal regulators have forced banks to greatly cut back on leverage, not to mention eliminating lending for turnaround deals altogether, Sheridan MMC will plug the hole banks have left in borrowers capital stack. Sheridan MMC will not require borrowers to open depository accounts further increasing the leverage they afford compared to banks who now require borrowers to open depository accounts ranging from 10 to 20% of the loan they make. Given all these advantages, it is not surprising our phones are already ringing off hook,” Jonathan added.
Sheridan MMC have offices in New York, Florida and Washington D.C. Sheridan Capital is an industry leader in originating Commercial Real Estate debt. Since inception, Sheridan Capital has originated more than $2 Billion in debt.
Jonathan Coven founded Muchmore Capital in 2021 after working for Greystone & Co. for 21 years where he ran the platform that made bridge to HUD loans for turnaround healthcare deals. Jonathan has closed some 3.2 billion of bridge to HUD loans for healthcare properties. Muchmore Capital is licensed under HUD’s LEAN and MAP programs.
