Updated Dec 21, 2023
Red Oak Financial Provides $10M Bridge Loan For Office/Industrial Property In Bloomfield, CT
1360 Hall Boulevard, Bloomfield, Connecticut 06002, United States
$10,000,000
$22/SF
Building Size
435,853 SF
Asset Type
Industrial
Closing
Apr 12, 2022
About this deal
AI
The office/industrial property located at 1360 Hall Blvd in Bloomfield, CT has been involved in a closed transaction. The property spans across 435,853 square feet and is owned by an undisclosed party. The deal was facilitated by Red Oak Financial, acting as the broker representative. The transaction took place on April 13, 2022.
Summary of transaction details:
- Property Type: Office/Industrial
- Transaction Date: 04/13/2022
- Address: 1360 Hall Blvd, Bloomfield, CT
- Market: Bloomfield, CT
- Square Footage: 435,853
The financing for this transaction was secured through a bridge loan provided by Red Oak Financial. The loan amount was $10,000,000. The bridge loan type was chosen to facilitate the transaction and meet the financial needs of the property owner or buyer.
Players
Bloomfield Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93