Updated Oct 29, 2024
Harbor Group International LLC & Cammeby’s International Group Acquires 932-Unit Multifamily In Manchester, CT For $124.5M
345 Buckland Hills Drive, Manchester, Connecticut 06042, United States
$124,500,000
Units
932
Asset Type
MultiFamily
Closing
Dec 30, 2022
About this deal
AI
The multifamily property located at 345 Buckland Hills Dr in Manchester, CT has been acquired in a closed transaction. The property consists of 932 units and is owned by Harbor Group International LLC & Cammeby's International Group. The deal was facilitated by CBRE Capital Markets.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $124,500,000
- Loan Amount: $124,500,000
- Loan Type: Acquisition
The acquisition of this multifamily property involved a loan of $124,500,000. The loan was used to finance the acquisition of the property by Harbor Group International LLC & Cammeby's International Group. CBRE Capital Markets represented the buyers in this transaction.
Players
Manchester 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93