FINANCED
R.D. Scinto Refinances Multifamily Asset At The Renaissance In Shelton, CT For $6.6M
100 Parrott Drive
MultiFamily
Financed 174 days ago
Summary
Loan
CONNECTICUT
MultiFamily
R.D. Scinto, Inc. has secured a <30% LTV permanent loan to refinance The Renaissance, a 10-story, 126-unit multifamily and residential condominium in Fairfield County. The property is located at 100 Parrott Drive in Shelton, CT and is owned by R.D. Scinto, Inc. The loan, provided by Liberty Bank, amounts to $6,600,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,600,000
- Market: Shelton, CT
- Lender: Liberty Bank
- Landlord: R.D. Scinto, Inc.
RIPCO's Debt & Structured Finance Group, represented by brokers Steven Sperandio, Michael Fasano, Jake Weiss, and Brice Shafer, facilitated the loan. The loan provides a refinancing option for R.D. Scinto, Inc., allowing them to leverage their condo inventory that functions as a multifamily asset at The Renaissance.
Players
Details
FINANCED
IMAGE: Steven Sperandio, Michael Fasano, Jake Weiss & Brice Shafer
DATE: 11/02/2023
ADDRESS: 100 Parrott Drive
MARKET: Shelton, CT
ASSET TYPE: Multifamily
LENDER: Liberty Bank
LANDLORD: R.D. Scinto, Inc.
BROKERS: Steven Sperandio (@StevenSperandio) (@RipcoCapitalAdvisory), Michael Fasano (@MAFasano87), Jake Weiss (@JakeWeiss6) & Brice Shafer - Ripco (@RipcoRealEstate)
LOAN AMOUNT: $6,600,000
LOAN TYPE: Refinance
NOTE FROM BROKER: RIPCO’s Debt & Structured Finance Group, led by Steven Sperandio, sourced a < 30% LTV permanent loan secured by R.D. Scinto’s condo inventory that functions as a multifamily asset at The Renaissance, a 10-story, 126-unit multifamily & residential condominium in Fairfield County.View on map
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Address100 Parrott Drive
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