FINANCEDMultiFamily
Thorofare Capital Provides $18.75M Loan For MultiFamily Asset In Bristol
1175 Farmington Ave, Bristol, CT, 060...
$18,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 22, 2017
AI
The property involved in the transaction is a MultiFamily asset located at 1175 Farmington Ave, Bristol, CT. The loan amount for this property was $18,750,000.00.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $18,750,000.00
- Market: Bristol
- Borrower's Rep: Ryan Goldstein, Solomon (Sol) Kinraich, Stephen Lanza
- Lender: Thorofare Capital
The borrowers were represented by Ryan Goldstein, Solomon (Sol) Kinraich from MLK Real Estate Capital, and Stephen Lanza from MLK Real Estate Capital.
Players
Bristol 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
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93