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Quarterra Multifamily Secures $125M Refinancing Loan In Stamford, CT

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FINANCED
$125,000,000

Connecticut

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MultiFamily
Financed 05/14/2024
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FINANCED

Quarterra Multifamily Secures $125M Refinancing Loan In Stamford, CT

100 Tresser Boulevard

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MultiFamily
Financed 05/14/2024
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Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Loan

The Smyth, a 414-unit community located at 100 Tresser Boulevard in downtown Stamford, Connecticut, secured a $125 million refinancing loan from Franklin BSP Realty Trust. The loan was obtained by Quarterra Multifamily, with Jeff McCall serving as the landlord.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $125,000,000
  • Units: 414
  • Lender: Franklin BSP Realty Trust
  • Landlord: Jeff McCall - Quarterra Multifamily
  • Address: 100 Tresser Boulevard
  • Market: Stamford, CT

Franklin BSP Realty Trust provided the refinancing loan for The Smyth, with Quarterra Multifamily as the borrower. The deal signifies a significant financial arrangement between the parties involved, aiming to support the ongoing operations and management of the 414-unit multifamily community.

Players

LENDER

Details

FINANCED
IMAGE: Jeff McCall DATE: 05/14/2024 ADDRESS: 100 Tresser Boulevard MARKET: Stamford, CT ASSET TYPE: Multifamily ~ UNITS: 414 LENDER: Franklin BSP Realty Trust LANDLORD: Jeff McCall - Quarterra Multifamily LOAN AMOUNT: $125,000,000 LOAN TYPE: Refinance NOTE: Quarterra Multifamily secured a $125 million refinancing loan from Franklin BSP Realty Trust for The Smyth, a 414-unit community in downtown Stamford, Conn.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$125,000,000.00

Monthly NOI$833,333.33
Monthly Debt Service$790,085.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00