Updated Sep 9, 2024
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
About this deal
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.
The development site loan at US-7 & Ethan Allen HwyWilton, CT 06897, USA in Redding, Connecticut financed for $22M in 2023. US-7 & Ethan Allen HwyWilton, CT 06897, USA is classified as Development Site on Traded. Brian Walsh, EagleBridge Capital appear on the loan alongside EagleBridge Capital. This page is the Redding, Connecticut file for the US-7 & Ethan Allen HwyWilton, CT 06897, USA development site financed: pricing, party profiles, and other closed development site comps from the same Redding sit in the Market section below. Filter that Redding development site set by closing date to see what else financed near US-7 & Ethan Allen HwyWilton, CT 06897, USA around 2023. Published consideration for US-7 & Ethan Allen HwyWilton, CT 06897, USA is $22M, dated 2023. Cite this EagleBridge Capital Arranges $22M Loan For Redding, CT Self-Storage Facility loan when underwriting similar development site product around Redding, Connecticut.
Redding Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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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