Updated Oct 1, 2026
EagleBridge Capital Arranges $13.3M Construction Loan For 66-Unit Apartment Project In Norwich
333 Taftville-Occum Road
$13,300,000
Units
66
Asset Type
MultiFamily
Closing
Sep 29, 2026
About this deal
AI
The property asset involved in the transaction is a multi-family apartment project known as The South Hills at Riverview, comprising 66 units. It is located at 333 Taftville-Occum Road in Norwich, Connecticut, and has received a construction loan of $13,300,000 for its development.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $13,300,000
- Asset Address: 333 Taftville-Occum Road
- Market: Norwich, CT
- Units: 66
- Loan Type: Construction
- Broker: Ted Sidel - EagleBridge Capital
The financing for the project was arranged by EagleBridge Capital, a company actively involved in real estate funding and transactions. Ted Sidel served as the broker for the deal, facilitating the construction-to-permanent financing for the apartment project.
On the Map
$13,300,000
MultiFamily
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Taftville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93