Webster Bank Provides $51.5M Refinance Loan For MultiFamily Property On Willard Road In Norwalk, CT With Brokers From Meridian Capital Group
FINANCED
$51,450,000
Connecticut
See Similar DealsMultiFamily
Financed 07/07/2023
FINANCED
Webster Bank Provides $51.5M Refinance Loan For MultiFamily Property On Willard Road In Norwalk, CT With Brokers From Meridian Capital Group
10 Willard Rd Norwalk, CT 06851, USA
See Similar DealsMultiFamily
Financed 07/07/2023
Summary
CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Loan
A multifamily property located at 10 Willard Road in Norwalk, CT has recently undergone a refinancing transaction. The property, consisting of multiple residential units, was involved in a loan deal facilitated by Webster Bank. The loan amount for this refinancing transaction was $51,450,000.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $51,450,000
- Lender: Webster Bank
Daniel Cohen and Tal Savariego from Meridian Capital Group acted as the brokers in this transaction. Their expertise and representation played a crucial role in facilitating the refinancing of the multifamily property. Through their involvement and negotiation skills, they were able to secure the loan from Webster Bank, allowing the property owner to optimize their financial situation.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$51,450,000.00
Monthly NOI$343,000.00
Monthly Debt Service$325,199.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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