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3650 REIT Secures $58M Loan For Refinancing Multifamily Property In Danbury, CT With HKS Real Estate Advisors

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FINANCED
$58,000,000

Connecticut

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MultiFamily
Financed 05/22/2023
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Property Image
FINANCED

3650 REIT Secures $58M Loan For Refinancing Multifamily Property In Danbury, CT With HKS Real Estate Advisors

30 Crosby St Danbury, CT 06810, USA

See Similar Deals
MultiFamily
Financed 05/22/2023
the dealplayerscompscontact
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Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Loan

3650 REIT has secured a $58 million loan to refinance Brookview Commons, a multifamily property located at 30 Crosby St in Danbury, Connecticut. The property consists of 264 units and is situated in the Danbury market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $58,000,000
  • Address: 30 Crosby St
  • Market: Danbury, CT
  • Units: 264

The loan was provided by 3650 REIT, with Toby Cobb representing the lender. The refinancing arrangement was facilitated by John Harrington, a Partner at HKS Real Estate Advisors, acting as the broker in the deal.

Players

Toby Cobb
3650 Capital
Toby Cobb
2 deals$104M volume
LENDER
3650 Capital
3650 Capital
LENDER

Details

FINANCED
IMAGE: Toby Cobb & John Harrington DATE: 05/22/2023 ADDRESS: 30 Crosby St MARKET: Danbury, CT ASSET TYPE: Multifamily ~ UNITS: 264 LENDER: 3650 REIT (@3650REIT) - Toby Cobb BROKER: John Harrington - HKS Real Estate Advisors (@HKSRealEstateAdvisors) LOAN AMOUNT: $58,000,000 LOAN TYPE: Refinance NOTE: 3650 REIT has secured a $58 million loan to refinance Brookview Commons, a multifamily property in Danbury, Connecticut. The loan arrangement was facilitated by John Harrington, a Partner at HKS Real Estate Advisors.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$58,000,000.00

Monthly NOI$386,666.67
Monthly Debt Service$366,599.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00