facebook

traded

+ Submit
Home

/

Deals

/

Connecticut

/

Multifamily

/

Loan

/

30 Orchard Street, Norwalk,...

Invictus Real Estate Partners Secures $55.8M Loan For Norwalk Multifamily Acquisition
FINANCEDMultiFamily

Invictus Real Estate Partners Secures $55.8M Loan For Norwalk Multifamily Acquisition

30 Orchard Street, Norwalk, CT, USA

$55,800,000

$570/SF

Building Size

97,765 SF

Asset Type

MultiFamily

Closing

Feb 10, 2021

AI

An article was recently published on Instagram showcasing a closed property transaction in Norwalk, CT. The transaction involved a multifamily property located at 30 Orchard Street and 500 West Avenue.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $55,800,000

The borrower in this transaction was Invictus Real Estate Partners. The deal was facilitated by brokers Scott Aiese, Peter Rotchford, Alex Staikos, and Brendan Collins, who represented Invictus Real Estate Partners through JLL Capital Markets.

This transaction encompassed a loan amount of $55,800,000 and involved a total of 198 units within the multifamily property located at 30 Orchard Street and 500 West Avenue in Norwalk, CT.

Players

Brendan Collins

JLL

Broker

$212.8M

vol

2 deals

Broker

Norwalk MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93