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Cushman & Wakefield Secures $223.87M Refinance Loan For Stamford Multifamily Portfolio

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FINANCED
$223,869,000
Ryan Dowd
John Alascio
+ 4

Connecticut

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MultiFamily
Financed
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FINANCED

Cushman & Wakefield Secures $223.87M Refinance Loan For Stamford Multifamily Portfolio

301 Commons Park South

See Similar Deals
MultiFamily
Financed
Ryan Dowd
John Alascio
+ 4
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Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Loan

The Harbor Point portfolio, a collection of four multifamily buildings comprising 989 units located in Stamford, Connecticut, has secured $223.87 million in refinancing. The loan was facilitated by Judah Rosenberg of Greystone, who served as the lender. The terms of the loan include a seven-year fixed-rate Freddie Mac mortgage with a 35-year amortization period.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $223,869,000
  • Address: 301 Commons Park South, 111 Towne Street, 110 Towne Street & 120 Towne Street, Stamford, CT
  • Market: Stamford, CT
  • Units: 989

Alex Hernandez, Alex Lapidus, Brian Whitmer, Chris Meloni, John Alascio, Niko Nikolaou, and Ryan Dowd of Cushman & Wakefield acted as the brokers in this refinancing deal.

It is worth noting that Cushman & Wakefield served as the exclusive advisor in securing the refinancing for the Harbor Point portfolio. The loan is intended to support the ongoing operations and maintenance of the multifamily buildings.

Players

Alexander (Alex) Hernandez
26 deals$7.6B volume(212) 841-9237
BROKER

Alex Lapidus Okin
Cushman & Wakefield
27 deals$7.6B volume(212) 841-9239
BROKER

Brian Whitmer
RePropCo
28 deals$1.6B volume(201) 508-5209
BROKER

John Alascio
Cushman & Wakefield
54 deals$5.1B volume
BROKER

Ryan Dowd
Cushman & Wakefield
26 deals$2.3B volume(201) 508-5278
BROKER

Chris Meloni
Cushman & Wakefield
6 deals$556.3M volume(202) 368-9546
BROKER

Niko Nikolaou
Cushman & Wakefield
2 deals$262.9M volume(201) 426-2227
BROKER

Greystone
LENDER

Greystone
LENDER

Details

FINANCED
IMAGE: Chris Meloni, Brian Whitmer, Alex Lapidus, John Alascio, Judah Rosenberg, Alex Hernandez, Ryan Dowd & Niko Nikolaou DATE: 10/11/2023 ADDRESS: 301 Commons Park South, 111 Towne Street, 110 Towne Street & 120 Towne Street MARKET: Stamford, CT ASSET TYPE: Multifamily ~ UNITS: 989 LENDER: Judah Rosenberg (@JRosenberg) - Greystone (@Greystonecref) BROKERS: Alex Hernandez, Alex Lapidus, Brian Whitmer, Chris Meloni, John Alascio, Niko Nikolaou (@Niko_Nicolaou) & Ryan Dowd - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $223,869,000 LOAN TYPE: Refinance LOAN TERMS: Seven-year fixed-rate Freddie Mac mortgages with 35-year amortization periods NOTE: Cushman & Wakefield served as the exclusive advisor in securing $223.87 million in refinancing for the Harbor Point portfolio, a collection of four multifamily buildings comprising 989 units in Stamford, Connecticut.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$223,869,000.00

Monthly NOI$1,492,460.00
Monthly Debt Service$1,415,004.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00