M&T Realty Capital Corp. Provides $31.9M Bridge Loan For Estelle New Haven Multifamily Property

Estelle New Haven is a newly built 96-unit Class A multifamily property located at 19 Elm Street in downtown New Haven, CT. The property benefits from its prime location and modern design, contributing to the growing multifamily market in the area.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $31,900,000
• Lender:M&T Realty Capital Corporation
• Landlord: Eight West & Joe Hakimian - The Hakimian Organization
• Loan Type: Bridge

M&T Realty Capital Corp. facilitated the financing for this transaction, providing a bridge loan aimed at enhancing the operational capacity of the multifamily asset. The involvement of Eight West and Joe Hakimian from The Hakimian Organization as landlords highlights their role in managing and growing the property's rental opportunities in a competitive market.