Updated Dec 21, 2023
Dev Morris, Andrew Stewart & Allison Villamagna - Cronheim Mortgage Provides $6.8M Loan For New Haven Multifamily Property
250 Greene St, New Haven, Connecticut 06511, United States
$6,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 17, 2022
About this deal
AI
The multifamily property located at 250 Green Street in New Haven, CT, was involved in a recent transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,800,000
- Loan Terms: 10-year financing with three years of interest
- Brokers: Dev Morris, Andrew Stewart & Allison Villamagna - Cronheim Mortgage
Cronheim Mortgage represented the buyer and seller in the transaction. The loan amount for the deal was $6,800,000 with a term of 10 years and three years of interest. Dev Morris, Andrew Stewart, and Allison Villamagna acted as the brokers for Cronheim Mortgage.
Players
New Haven 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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93