Clayton Fowler Of Spinnaker Real Estate Partners Secures $49.2M Loan From Greystone For Multifamily Asset

The asset involved in this transaction is a 150-unit multifamily apartment building located at 10 Monroe Street, Norwalk, CT. The property is known as SoNo Central and was financed with a loan amount of $49,200,000 secured through Fannie Mae. The loan terms include a 10-year term with the initial three years consisting of interest-only payments.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $49,200,000
• Units: 150
• Lender: Greystone
• Landlord: Clayton Fowler - Spinnaker Real Estate Partners
• Loan Terms: 10-year term with three years of interest-only payments
• Address: 10 Monroe Street
• Market: Norwalk, CT

Key individuals involved in this transaction include Clayton Fowler, who represents the landlord in this deal through Spinnaker Real Estate Partners, and Greystone, the lender providing the financing for this multifamily asset. This financing arrangement highlights the collaboration between the parties involved in securing the necessary funds for the property acquisition.