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

Property Image
FINANCED
$55,800,000
Brendan Collins
Alex Staikos
+ 1

Connecticut

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MultiFamily97,765 SF
Financed 02/11/2021
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FINANCED

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

30 Orchard Street, Norwalk, CT, USA

See Similar Deals
MultiFamily97,765 SF
Financed 02/11/2021
Brendan Collins
Alex Staikos
+ 1
Contact now

Summary

CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$570
Total Square Footage:97,765 SF
Transaction Type:Loan

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
2 deals$212.8M volume(212) 812-5700
BROKER

Alex Staikos
JLL
33 deals$4.5B volume
BROKER

Peter (Pete) Rotchford
JLL
63 deals$8.9B volume(212) 632-1822
BROKER

Scott Aiese
JLL
30 deals$2.7B volume
BROKER

Details

FINANCED
IMAGE: Scott Aiese, Brendan Collins, Alex Staikos & Peter Rotchford DATE: 02/11/2021 ADDRESS: 30 Orchard Street & 500 West Avenue MARKET: Norwalk, CT ASSET TYPE: Multifamily BORROWER: Invictus Real Estate Partners BROKERS: Scott Aiese, Peter Rotchford, Alex Staikos, & Brendan Collins - JLL Capital Markets LOAN AMOUNT: $55,800,000 UNITS: 198

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$55,800,000.00

Monthly NOI$372,000.00
Monthly Debt Service$352,693.96
Change in Cash Flow$0.00
Refinance Proceeds$0.00