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100 Parrott Drive
FINANCED

R.D. Scinto Refinances Multifamily Asset At The Renaissance In Shelton, CT For $6.6M

100 Parrott Drive

MultiFamily
clock iconFinanced 225 days ago
Steven Sperandio
Jake Weiss
Michael Fasano
+ 2
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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

  • All

    6

  • Agents

    4

  • Agencies

    1

  • Lenders

    1

Steven Sperandio's profile picture
Steven Sperandio
Ripco-image
Executive Managing Director, Debt & Structured Finance
$1.3M Sold
Michael Fasano's profile picture

Details

Deal Summary
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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.

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