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Thomas L. Rich Of F.D. Rich Company Secures $91M Loan For Multifamily Project In Stamford

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FINANCED
$91,000,000

Connecticut

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MultiFamily
Financed 09/03/2025
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Property Image
FINANCED

Thomas L. Rich Of F.D. Rich Company Secures $91M Loan For Multifamily Project In Stamford

130 West Broad Street

See Similar Deals
MultiFamily
Financed 09/03/2025
the dealplayerscompscontact
Contact now

Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a multifamily property located at 130 Broad Street in Stamford, CT. The project consists of 198 units and is intended for construction, with a total loan amount of $91,000,000 secured to facilitate its development. The property, named Coastline, is situated in Downtown Stamford and is projected for completion in 2027.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $91,000,000
  • Lender: Bank OZK & 3650 Capital
  • Landlord: Thomas L. Rich - F.D. Rich Company
  • Market: Stamford, CT
  • Units: 198
  • Loan Type: Construction

Key individuals in this transaction include Thomas L. Rich, representing F.D. Rich Company, which is the landlord for the multifamily project. The financing was secured specifically for the construction of the Coastline project, highlighting the ongoing development initiatives in the Stamford area.

Players

Bank OZK
Bank OZK
LENDER
3650 Capital
3650 Capital
LENDER
Thomas L. Rich
F.D. Rich Company
Thomas L. Rich
2 deals$266M volume
LANDLORD
F.D. Rich Company
F.D. Rich Company
LANDLORD

Details

FINANCED
IMAGE: Thomas L. Rich DATE: 09/03/2025 ADDRESS: 130 Broad Street MARKET: Stamford, CT ASSET TYPE: Multifamily ~ UNITS: 198 LENDER: Bank OZK (@BankOZK) & 3650 Capital LANDLORD: Thomas L. Rich - F.D. Rich Company LOAN AMOUNT: $91,000,000 LOAN TYPE: Construction NOTE: F.D. Rich Company secured $91M in financing to build the Coastline, a 198-unit multifamily project in Downtown Stamford, Conn., slated for completion in 2027.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$91,000,000.00

Monthly NOI$606,666.67
Monthly Debt Service$575,181.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00