Union Savings Bank Provides $2.5M Refinance Loan For 23-Unit Multifamily In New Haven, CT | 471 Whalley Avenue | Union Savings Bank | Abe Mann | MultiFamily | Loan

Summary

Loan

CONNECTICUT

MultiFamily

25,000 sqft

The property involved in this transaction is a multifamily asset located at 471 Whalley Avenue in New Haven, CT. It has a total square footage of 25,000 and consists of 23 units. The landlord of the property is Avi Meer.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $2,543,000
Address: 471 Whalley Avenue, New Haven, CT
Market: New Haven, CT
Units: 23

The lender for this transaction is Union Savings Bank. The loan amount is $2,543,000, and it is a refinance loan. The loan terms include a 70% loan-to-value ratio, a fixed interest rate of 5.50% for 5 years, a 1-year interest-only period, and a prepayment penalty of 321.

The broker representing the deal is Abe Mann from Mann Capital.

Players

All
3

Agents
1
Agencies
1
Lenders
1

Abe Mann

Commercial Mortgage Broker

$14.8M Sold

Mann Capital Advisors

Union Savings Bank

Details

Deal Summary

FINANCED

IMAGE: Abe Mann DATE: 05/09/2023 ADDRESS: 471 Whalley Avenue MARKET: New Haven, CT ASSET TYPE: Multifamily ~ SF: 25,000 ~ UNITS: 23 LENDER: Union Savings Bank (@UnionSavingsBankCT) LANDLORD: Avi Meer BROKER: Abe Mann - Mann Capital LOAN AMOUNT: $2,543,000 LOAN TYPE: Refinance LOAN TERMS: 70% LTV, 5.50% Fixed for 5 Years, 1 Year IO, 321 Prepay

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Address471 Whalley Avenue

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