$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
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