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40 Montville Street

Greystone Provides $12.99 Million Refinance Loan For Tuscan Brotherhood Homes I & II In Hartford
FINANCEDMultiFamily

Greystone Provides $12.99 Million Refinance Loan For Tuscan Brotherhood Homes I & II In Hartford

40 Montville Street

$12,985,600

Building Size

Asset Type

MultiFamily

Closing

Nov 4, 2024

AI

The property involved is a 170-unit affordable housing complex known as Tuscan Brotherhood Homes I & II, located at 40 Montville Street in Hartford, CT. The transaction includes a refinance loan amounting to $12,985,600.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $12,985,600
  • Lender: greystone'>Greystone
  • Loan Type: Refinance

The brokers facilitating this transaction were Daniel Daskal, Eric Rosenstock, and Jesse Yodice, all representing Greystone. Their involvement highlights the collaboration between these professionals in securing HUD-insured financing for the property.

Players

Jesse Yodice

Greystone

Broker

$223.2M

vol

6 deals

Broker
Greystone
GreystoneBrokerage

Hartford 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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93