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Thorofare Capital Provides $18.75M Loan For MultiFamily Asset In Bristol

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FINANCED
$18,750,000

Connecticut

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MultiFamily
Financed 12/22/2017
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FINANCED

Thorofare Capital Provides $18.75M Loan For MultiFamily Asset In Bristol

1175 Farmington Ave, Bristol, CT, 060...

See Similar Deals
MultiFamily
Financed 12/22/2017
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Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Loan

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:

The borrowers were represented by Ryan Goldstein, Solomon (Sol) Kinraich from MLK Real Estate Capital, and Stephen Lanza from MLK Real Estate Capital.

Players

4 deals$91.6M volume(646) 389-5705
BROKER


Stephen Lanza
MLK Real Estate Capital
1 deal$18.8M volume(908) 930-2053
BROKER

Thorofare Capital
LENDER

Details

FINANCED
IMAGE: 12/22/2017 ADDRESS: 1175 Farmington Ave, Bristol, CT, 060... MARKET: Bristol ASSET TYPE: MultiFamily BORROWER'S REP: Ryan Goldstein(), Solomon (Sol) Kinraich(MLK Real Estate Capital), Stephen Lanza(MLK Real Estate Capital) LENDER: Thorofare Capital LOAN AMOUNT: $18,750,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$18,750,000.00

Monthly NOI$125,000.00
Monthly Debt Service$118,512.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00