Freddie Mac Provides $31.4M Senior Loan Acquisition For Multifamily Property In Simsbury, CT
FINANCED
$31,395,000
Connecticut
See Similar DealsMultiFamily
Financed 04/22/2022
FINANCED
Freddie Mac Provides $31.4M Senior Loan Acquisition For Multifamily Property In Simsbury, CT
55 Dorset Crossing Drive, Simsbury, Connecticut 06070, United States
See Similar DealsMultiFamily
Financed 04/22/2022
Summary
CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Loan
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.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,395,000.00
Monthly NOI$209,300.00
Monthly Debt Service$198,437.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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