Updated May 12, 2025
Matthew Hirsch Represents Borrower In $50M Loan Deal With BMO Harris Bank
44 Olive St, New Haven, CT, 06511
$50,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Mar 10, 2020
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 44 Olive St, New Haven, CT, 06511. The loan amount secured for this property is $50,000,000.00 in the New Haven market.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $50,000,000.00
- Address: 44 Olive St, New Haven, CT, 06511
- Market: New Haven
- Lender: BMO Harris Bank
- Borrower's Representative: Matthew Hirsch
Matthew Hirsch represents the borrower in this transaction, facilitating communication and negotiation between the lender, BMO Harris Bank, and the borrowing party. This secured financing indicates strategic planning in the utilization of the mixed-use property.
On the Map
$50,000,000
Mixed-use
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Players
New Haven Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93