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
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