Greenwich Water Club Secures $26 Million Refinance Loan From Bank Of America

The asset involved in this transaction is a mixed-use property located at 49 River Road in the Cos Cob market. It spans 40,000 square feet and sits on 5.6 acres of land. The loan amount secured for this refinance is $26,000,000, with a loan term of 5 years.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $26,000,000
• Lender: Bank of America
• Landlord: Greenwich Water Club
• Broker Representatives: Jared Sobel, Scott Kummings, Ben Daniels & Mike Alexander - Raven Property Advisors

This transaction was facilitated by Raven Capital Advisors, who arranged the financing for Greenwich Water Club, a private, members-only club featuring a marina and a restaurant integrated with state-of-the-art fitness facilities. The club has a 1,000-member capacity and has maintained a 400-person waitlist, demonstrating its strong presence within the community.