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Beachwold Residential LLC Secures $53.6M Acquisition Loan For Multifamily Property In Stamford, CT

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FINANCED
$53,566,000
Kenny Cutler
Mona Carlton
Elliott Throne
+ 2

Connecticut

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MultiFamily1,280 SF
Financed
the dealplayerscompscontact
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FINANCED

Beachwold Residential LLC Secures $53.6M Acquisition Loan For Multifamily Property In Stamford, CT

25 Glenbrook Rd, Stamford, CT, USA

See Similar Deals
MultiFamily1,280 SF
Financed
Kenny Cutler
Mona Carlton
Elliott Throne
+ 2
the dealplayerscompscontact
Contact now

Summary

CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$41,848
Total Square Footage:1,280 SF
Transaction Type:Loan

The multifamily property located at 25 Glenbrook Rd in Stamford, CT has been involved in a closed transaction. The property comprises 146 units with a total square footage of 1,280.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $53,566,000
  • Address: 25 Glenbrook Rd, Stamford, CT
  • Market: Stamford, CT
  • Landlord: Beachwold Residential LLC
  • Lender: MetLife Investment Management

The transaction involved a three-year, floating-rate loan for the acquisition of the property. The loan amount provided was $53,566,000. The brokers involved in the deal were Elliott Throne, Mona Carlton, Alex Staikos, Amit Kakar, and Kenny Cutler from JLL Capital Markets.

Players

Mona Carlton
JLL
Mona Carlton
10 deals$412.5M volume(469) 232-1908
BROKER
Alex Staikos
JLL
Alex Staikos
33 deals$4.5B volume
BROKER
Amit Kakar
JLL
Amit Kakar
8 deals$513.4M volume
BROKER
Elliott Throne
JLL
Elliott Throne
18 deals$747M volume
BROKER
Kenny Cutler
JLL
Kenny Cutler
28 deals$1.4B volume
BROKER
MetLife
MetLife
LENDER
BL
Beachwold Residential LLC
LANDLORD

Details

FINANCED
IMAGE: Mona Carlton, Amit Kakar, Alex Staikos & Elliott Throne DATE: 11/02/2021 ADDRESS: 25 Glenbrook Rd MARKET: Stamford, CT ASSET TYPE: Multifamily ~ UNITS: 146 ~ SF: 1,280 LANDLORD: Beachwold Residential LLC LENDER: MetLife Investment Management BROKERS: Elliott Throne, Mona Carlton, Alex Staikos, Amit Kakar & Kenny Cutler - JLL Capital Markets LOAN AMOUNT: $53,566,000 LOAN TYPE: Acquisition LOAN TERMS: three-year, floating-rate loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$53,566,000.00

Monthly NOI$357,106.67
Monthly Debt Service$338,573.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00