Quarterra Multifamily Secures $125M Refinancing Loan In Stamford, CT
100 Tresser Boulevard
$125,000,000
Units
414
Asset Type
MultiFamily
Closing
May 14, 2024
AI
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
Stamford 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93