Rhine Legacy Capital Provides $4 Million Bridge Loan For Industrial Asset In Waterbury, CT
FINANCED
$4,000,000
Connecticut
See Similar DealsIndustrial134,000 SF
Financed 10/17/2025
FINANCED
Rhine Legacy Capital Provides $4 Million Bridge Loan For Industrial Asset In Waterbury, CT
2223 Thomaston Avenue
See Similar DealsIndustrial134,000 SF
Financed 10/17/2025
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$29
Total Square Footage:134,000 SF
Transaction Type:Loan
The property involved in this transaction is an industrial asset located at 2223 Thomaston Avenue, Waterbury, CT, with a total square footage of 134,000. The loan amount was secured for $4,000,000, structured as a bridge loan with a term of 12 months plus an extension option.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Loan Type: Bridge
- Loan Terms: 12 months + extension
- Lender: Samuel Kwadrat - Rhine Legacy Capital
Samuel Kwadrat from Rhine Legacy Capital acted as the lender in this transaction. The company actively engages in providing bridge financing specifically on multifamily, industrial, and retail assets.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,000,000.00
Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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