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JLL Facilitates $20.44M Refinance Loan For 214-Unit Multifamily Property In East Haven, CT

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FINANCED
$20,440,000
Mona Carlton
Elliott Throne
Amit Kakar
+ 1

Connecticut

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MultiFamily27,443 SF
Financed
the dealplayerscompscontact
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FINANCED

JLL Facilitates $20.44M Refinance Loan For 214-Unit Multifamily Property In East Haven, CT

510 Main St, East Haven, CT, USA

See Similar Deals
MultiFamily27,443 SF
Financed
Mona Carlton
Elliott Throne
Amit Kakar
+ 1
the dealplayerscompscontact
Contact now

Summary

CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$744
Total Square Footage:27,443 SF
Transaction Type:Loan

Located at 510 Main St in East Haven, CT, this recently closed property transaction involved a multifamily asset consisting of 214 units. The deal, dated 10/28/2021, was for a refinance loan.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $20,440,000
  • Address: 510 Main St, East Haven, CT
  • Market: East Haven, CT
  • Loan Type: Refinance
  • Loan Terms: 10-year, fixed-rate loan
  • Landlord: Beachwold Residential LLC
  • Lender's Rep: JLL Real Estate Capital, LLC
  • Landlord's Rep: Elliott Throne, Mona Carlton, Alex Staikos, & Amit Kakar - JLL Capital Markets

The loan amount for this transaction was $20,440,000. JLL Real Estate Capital, LLC acted as the lender's representative for the deal, while Elliott Throne, Mona Carlton, Alex Staikos, and Amit Kakar from JLL Capital Markets represented the landlord, Beachwold Residential LLC. The loan terms were a 10-year, fixed-rate loan.

Players

Mona Carlton
JLL
Mona Carlton
10 deals$412.5M volume(469) 232-1908
BROKER
Alex Staikos
JLL
Alex Staikos
33 deals$4.5B volume
BROKER
Amit Kakar
JLL
Amit Kakar
8 deals$513.4M volume
BROKER
Elliott Throne
JLL
Elliott Throne
18 deals$747M volume
BROKER
BL
Beachwold Residential LLC
LANDLORD

Details

FINANCED
IMAGE: Mona Carlton, Amit Kakar, Alex Staikos & Elliott Throne DATE: 10/28/2021 ADDRESS: 510 Main St MARKET: East Haven, CT ASSET TYPE: Multifamily ~ UNITS: 214 LANDLORD: Beachwold Residential LLC LENDER'S REP: JLL Real Estate Capital, LLC LANDLORD'S REP: Elliott Throne, Mona Carlton, Alex Staikos, & Amit Kakar - JLL Capital Markets LOAN AMOUNT: $20,440,000 LOAN TYPE: Refinance LOAN TERMS: 10-year, fixed-rate loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$20,440,000.00

Monthly NOI$136,266.67
Monthly Debt Service$129,194.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00