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

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.