Updated Dec 21, 2023
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
About this deal
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.
On the Map
$55,800,000
$570/SF
MultiFamily
View full map
Players
Norwalk MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Peter (Pete) Rotchford to view all their deals.
Browse Connecticut multifamily loans on Traded.
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