Verus Commercial Real Estate Finance Provides $10M Refinance Loan For Industrial Property In South Windsor, CT
1640 John Fitch Boulevard, South Windsor, Connecticut 06074, United States
$10,000,000
$40/SF
Building Size
250,000 SF
Asset Type
Industrial
Closing
May 26, 2022
AI
An industrial property located at 1640 John Fitch Blvd. in South Windsor, CT has recently undergone a $10,000,000 refinance loan transaction. The property spans approximately 250,000 square feet and is situated in the South Windsor market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,000,000
- Lender: Verus Commercial Real Estate Finance
- Lender's Representative: Anthony Iervolino - Verus Commercial Real Estate Finance
Anthony Iervolino, the Executive Managing Director at Verus Commercial Real Estate Finance, facilitated this loan transaction. For further inquiries or details, Anthony can be reached at [email protected] or 917-554-5608.
Players
South Windsor 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