Updated Mar 11, 2025
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
About this deal
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.
The multifamily loan at 1175 Farmington Ave, Bristol, CT, 060... in Bristol, Connecticut financed for $18.8M in 2017. 1175 Farmington Ave, Bristol, CT, 060... is classified as Multifamily on Traded. Ryan Goldstein, Solomon (Sol) Kinraich, Stephen Lanza, MLK Real Estate Capital appear on the loan alongside MLK Real Estate Capital. This page is the Bristol, Connecticut file for the 1175 Farmington Ave, Bristol, CT, 060... multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Bristol sit in the Market section below. Filter that Bristol multifamily set by closing date to see what else financed near 1175 Farmington Ave, Bristol, CT, 060... around 2017. Published consideration for 1175 Farmington Ave, Bristol, CT, 060... is $18.8M, dated 2017. Cite this Thorofare Capital Provides $18.75M Loan For MultiFamily Asset In Bristol loan when underwriting similar multifamily product around Bristol, Connecticut.
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