$13.3M Acquisition & Construction Loan Secured for Multifamily Conversion in Milford, CT From Urban Standard Capital
FINANCED
$13,300,000
Connecticut
See Similar DealsMultiFamily
Financed 09/18/2025
FINANCED
$13.3M Acquisition & Construction Loan Secured for Multifamily Conversion in Milford, CT From Urban Standard Capital
129 Plains Road
See Similar DealsMultiFamily
Financed 09/18/2025
Summary
CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,300,000.00
Monthly NOI$88,666.67
Monthly Debt Service$84,065.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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