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184 Summer Street, Stamford...

JLL Capital Markets Secures $64M Acquisition Financing For Multifamily Property In Stamford, CT
FINANCEDMultiFamily

JLL Capital Markets Secures $64M Acquisition Financing For Multifamily Property In Stamford, CT

184 Summer Street, Stamford, Connecticut 06901, United States

$64,000,000

$3,020/SF

Building Size

21,191 SF

Asset Type

MultiFamily

Closing

Dec 13, 2022

AI

The acquisition financing for a multifamily property located at 184 Summer St in Stamford, CT has been completed. The loan amount for this transaction is $64,000,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $64,000,000
  • Date: 12/14/2022
  • Address: 184 Summer St, Stamford, CT
  • Market: Stamford, CT

The loan was secured by the property located at 184 Summer St. The transaction was facilitated by JLL Capital Markets, with brokers Mona Carlton, Elliott Throne, Amit Kakar, Kenny Cutler, and Josh Odessky representing the parties involved in the deal.

Players

Mona Carlton

JLL

Broker

$412.5M

vol

10 deals

Broker

Stamford 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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93