Twining Properties And LMXD Secure $59.5M Financing For Winchester Green Development In New Haven, CT

Twining Properties and LMXD have secured $59.5 million in financing for Winchester Green, a mixed-income residential and retail development located at 315 Winchester Avenue in New Haven, Connecticut. The project, which encompasses a development site, is supported by a $49 million senior loan from KeyBank and a $10.5 million tax-exempt loan from the New Haven Housing Authority.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $59,500,000
• Lender: KeyBank & New Haven Housing Authority
• Landlord: Alex Twining - Twining Properties & Jake Pine - LMXD

The joint venture between Twining Properties and LMXD has successfully secured $59.5 million in financing for Winchester Green. The senior loan of $49 million was provided by KeyBank, while the New Haven Housing Authority contributed a tax-exempt loan amounting to $10.5 million. The mixed-income residential and retail development at 315 Winchester Avenue in New Haven, Connecticut is set to benefit from this significant financial support.