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

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.