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William Cote And David Parisier Secure $130 Million Loan For 398-unit Multifamily Property In New Haven
FINANCED
$130,000,000
Connecticut
See Similar DealsMultiFamily
Financed 01/03/2025
FINANCED
William Cote And David Parisier Secure $130 Million Loan For 398-unit Multifamily Property In New Haven
201 Munson Street
See Similar DealsMultiFamily
Financed 01/03/2025
Summary
CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 201 Munson Street, New Haven, CT, comprising 398 units. The loan amount associated with this property is $130,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $130,000,000
- Units: 398
- Lender: Mavik CapitalManagement & MF1 Capital
- Landlord: William Cote - Hudson Meridian Construction Group & David Parisier - Paredim Partners
- Loan Structure: $110 million senior loan from MF1 and $20 million in preferred equity from Mavik Capital Management
This transaction involved key figures in the real estate and finance sectors, specifically William Cote, representing Hudson Meridian Construction Group, and David Parisier, representing Paredim Partners. They collaborated to secure financial resources for the recapitalization of Axis 201, a luxury multifamily property situated near Yale University in New Haven, Connecticut.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$130,000,000.00
Monthly NOI$866,666.67
Monthly Debt Service$821,688.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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