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55 Dorset Crossing Drive, S...

Updated Oct 28, 2024

Freddie Mac Provides $31.4M Senior Loan Acquisition For Multifamily Property In Simsbury, CT
FINANCEDMultiFamily

Freddie Mac Provides $31.4M Senior Loan Acquisition For Multifamily Property In Simsbury, CT

55 Dorset Crossing Drive, Simsbury, Connecticut 06070, United States

$31,395,000

Units

168

Asset Type

MultiFamily

Closing

Apr 21, 2022

About this deal

AI

Beachwold Residential LLC has acquired a multifamily property located at 55 Dorset Crossing Dr in Simsbury, CT. The property consists of 168 units and was sold by an undisclosed seller. The transaction was facilitated by brokers Michael Riccio, Susan Larkin, and Anna Paladino from CBRE.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $31,395,000

The senior loan acquisition for this property was provided by Freddie Mac, a leading lender in the mortgage industry.

The multifamily loan at 55 Dorset Crossing Drive, Simsbury, Connecticut 06070, United States in Simsbury, Connecticut financed for $31.4M in 2022. Reported inventory is 168 units across 168 units. Susan Larkin, Michael Riccio, Anna Paladino, CBRE appear on the loan alongside CBRE. This page is the Simsbury, Connecticut file for the 55 Dorset Crossing Drive, Simsbury, Connecticut 06070, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Simsbury sit in the Market section below. Filter that Simsbury multifamily set by closing date to see what else financed near 55 Dorset Crossing Drive, Simsbury, Connecticut 06070, United States around 2022. Published consideration for 55 Dorset Crossing Drive, Simsbury, Connecticut 06070, United States is $31.4M, dated 2022. Cite this Freddie Mac Provides $31.4M Senior Loan Acquisition For Multifamily Property In Simsbury, CT loan when underwriting similar multifamily product around Simsbury, Connecticut.

Players

Michael Riccio

CBRE

Broker

$120.9M

vol

3 deals

Broker
Freddie Mac
Freddie MacLender

Simsbury MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $186.9K per unit across 168 units on a published $31.4M (2022).

Visit Susan Larkin to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.51%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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