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129 Church Street

Stepping Stone Capital Provides $11M Renovation Loan For Mixed-Use Property In New Haven

129 Church Street

90,000 SF
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90,000 sqft

The property located at 129 Church Street in New Haven, CT has been involved in a recent closed transaction. This mixed-use asset spans approximately 90,000 square feet and has undergone a renovation to convert it from an office space to 92 residential units with office/retail space.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $11,000,000

The loan for this transaction was provided by Stepping Stone Capital Partners, represented by Russell Feder & Menachem Liberow. The loan amount totaled $11,000,000 and it was a renovation loan specifically for the conversion project. The loan terms spanned 24 months, with the option to extend for two additional six-month periods.

The Shaer Group of Companies, led by Isaac Shaer, served as the landlord in this transaction. Isaac Shaer was instrumental in the conversion project as the property's owner.

Stepping Stone Capital, as an active lender of add value renovation and construction loans, encourages interested parties to submit new loan submissions to [email protected] or call 646-693-8185.


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Stepping Stone Capital Partners


Deal Summary
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IMAGE: Isaac Shaer, Russell Feder & Menachem Liberow DATE: 12/30/2021 ADDRESS: 129 Church Street MARKET: New Haven, CT ASSET TYPE: Mixed-use ~ SF: 90,000 LENDER: Stepping Stone Capital Partners (@SteppingStoneCapital) - Russell Feder & Menachem Liberow LANDLORD: Shaer Group of Companies - Isaac Shaer LOAN AMOUNT: $11,000,000 LOAN TYPE: Renovation Loan to Convert from Office to 92 Residential Units with Office/Retail LOAN TERMS: 24 Months with 2 Six Month Extensions NOTE FROM @SteppingStoneCapital: Stepping Stone Capital is an Active Lender of Add Value Renovation & Construction Loans. Send new loan submissions to [email protected] or call us at 646-693-8185.

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Address129 Church Street


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