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100 Tresser Boulevard

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

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

Franklin BSP Realty Trust
Franklin BSP Realty TrustLender

Stamford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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