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129 Plains Road

$13.3M Acquisition & Construction Loan Secured for Multifamily Conversion in Milford, CT From Urban Standard Capital
FINANCEDMultiFamily

$13.3M Acquisition & Construction Loan Secured for Multifamily Conversion in Milford, CT From Urban Standard Capital

129 Plains Road

$13,300,000

Building Size

Asset Type

MultiFamily

Closing

Sep 17, 2025

AI

The asset involved in this transaction is a multifamily conversion located at 129 Plains Road in Milford, CT. The loan for this property amounts to $13,300,000 and is classified as an acquisition and construction loan.

Summary of transaction details:

  • Property Type: Multifamily Conversion
  • Transaction Amount: $13,300,000
  • Lender: Charlie Brosens & Elijah Zuckerman - Urban Standard Capital
  • Loan Type: Acquisition & Construction Loan
  • Date: 9/18/2025

Charlie Brosens and Elijah Zuckerman, representing Urban Standard Capital, are the key individuals involved in this financing solution tailored for the residential project. They focus on combining creativity with a relationship-driven approach to structuring deals across the nation. For inquiries related to this deal, Elijah can be contacted at [email protected] and Charlie at [email protected].

Players

Charlie Brosens

Urban Standard Capital

Lender

$484.4M

vol

32 deals

Lender
Urban Standard Capital
Urban Standard CapitalLender

Milford 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

1.19%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93