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EagleBridge Capital Arranges $22M Loan For Redding, CT Self-Storage Facility
FINANCED
$22,000,000
Connecticut
See Similar DealsDevelopment Site
Financed
FINANCED
EagleBridge Capital Arranges $22M Loan For Redding, CT Self-Storage Facility
US-7 & Ethan Allen HwyWilton, CT 06897, USA
See Similar DealsDevelopment Site
Financed
Summary
CONNECTICUT
Asset Type:Development Site
Transaction Type:Loan
EagleBridge Capital has facilitated a $22 million construction/permanent mortgage financing for an upcoming self-storage facility in Redding, CT. The facility, located on Ethan Allen Highway (Route 7), is set to feature 675 climate-controlled units. The developer's identity has not been disclosed.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $22,000,000
- Loan Type: Construction/Permanent Mortgage Financing
Brian Walsh, the senior director at EagleBridge Capital, played a crucial role in arranging the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,000,000.00
Monthly NOI$146,666.67
Monthly Debt Service$139,054.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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