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1175 Farmington Ave, Bristo...

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

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

Players

Ryan Goldstein

Broker

$91.6M

vol

4 deals

Broker
Thorofare Capital
Thorofare CapitalLender

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