Updated Oct 14, 2026
M&T Realty Capital Corp Refinances Multifamily Property In Norwalk, CT For $35M
1 Chestnut St, Norwalk, Connecticut 06854, United States
$35,000,000
Units
122
Asset Type
MultiFamily
Closing
Jul 7, 2022
About this deal
AI
A multifamily property located at 1 Chestnut St in Norwalk, CT has recently undergone a refinancing transaction. The property consists of 122 units and is situated in the Norwalk market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $35,000,000
- Loan Type: Refinance
- Loan Terms: 10-year fixed-rate loan
Dan Kerner and Chris Brighindi from M&T Realty Capital Corp represented the parties involved in this transaction. They acted as brokers for the refinancing deal.
This refinancing deal for the multifamily property at 1 Chestnut St involved a loan amount of $35,000,000. The loan was a 10-year fixed-rate loan, providing terms for the refinancing transaction.
On the Map
$35,000,000
MultiFamily
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Players
Norwalk MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93