Updated Oct 28, 2024
Dwight Capital Refinances Multifamily Property In Mystic, CT For $29M
50 Perkins Farm Dr, Mystic, CT 06355
$29,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 8, 2021
About this deal
AI
A multifamily property located at 50 Perkins Farm Dr in Mystic, CT has been involved in a recent loan transaction. The loan, which was a refinance, was valued at $29,000,000. The lender for this transaction was Dwight Capital, represented by Daniel Malka and Jacob Gauptman. Trio Properties is the landlord of this property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $29,000,000
- Lender: Dwight Capital - Daniel Malka & Jacob Gauptman
- Landlord: Trio Properties
The loan transaction was facilitated by Dwight Capital, with Daniel Malka and Jacob Gauptman representing the lender. Trio Properties, the landlord of the multifamily property, engaged in the refinance for $29,000,000.
Players
Mystic MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93