Rhine Legacy Capital Provides $4 Million Bridge Loan For Industrial Asset In Waterbury, CT
2223 Thomaston Avenue
$4,000,000
$29/SF
Building Size
134,000 SF
Asset Type
Industrial
Closing
Oct 16, 2025
AI
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.
Players
Waterbury 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93