Updated Dec 4, 2024
Greystone Refinances Multifamily Property In Stamford, CT For $15M
100 Prospect Street
$15,000,000
Units
94
Asset Type
MultiFamily
Closing
Oct 5, 2023
About this deal
AI
A $15 million loan has been issued by Greystone to refinance a 94-unit multifamily property located at 100 Prospect Street in Stamford, Connecticut. This property is situated in a prime location in the market of Stamford, CT.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,000,000
- Units: 94
- Lender: Greystone
- Lender's Representative: Lori DiMartino
- Loan Type: Refinance
Lori DiMartino from Greystone played a key role in arranging the loan for this multifamily property. The loan will enable the property owners to refinance and potentially take advantage of improved terms and rates. This transaction highlights Greystone's expertise in providing financial solutions for real estate investments.
Bel Air MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93