Thorofare Capital Provides $18.75M Loan For MultiFamily Asset In Bristol
FINANCED
Connecticut
See Similar DealsMultiFamily
Financed 12/22/2017
FINANCED
Thorofare Capital Provides $18.75M Loan For MultiFamily Asset In Bristol
1175 Farmington Ave, Bristol, CT, 060...
See Similar DealsMultiFamily
Financed 12/22/2017
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:
- 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
LENDER
Details
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Deal Type
30 years
10 years
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
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