Updated Oct 28, 2024
Axiom Capital Provides $62M Refinance Loan For Weatogue, CT Multifamily Property
200 Hopmeadow Street, Weatogue, CT, USA
$62,000,000
$276/SF
Building Size
224,000 SF
Asset Type
MultiFamily
Closing
Aug 15, 2021
About this deal
AI
An multifamily property located at 200 Hopmeadow St in Weatogue, CT has recently undergone a refinance transaction. The property consists of 299 units and is situated within the Weatogue market. The refinance loan was provided by Axiom Capital, with Charles Cronin representing the lender.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $62,000,000
- Address: 200 Hopmeadow St, Weatogue, CT
- Market: Weatogue, CT
- Units: 299
Charles Cronin from Axiom Capital played a key role in the refinance deal for the 200 Hopmeadow St property in Weatogue, CT.
Players
Weatogue 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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93