EagleBridge Capital Arranges $22M Loan For Redding, CT Self-Storage Facility
US-7 & Ethan Allen HwyWilton, CT 06897, USA
$22,000,000
Building Size
—
Asset Type
Development Site
Closing
Jun 1, 2023
AI
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.
Redding Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93