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
Building Size
—
Asset Type
MultiFamily
Closing
Apr 21, 2022
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.
Players
Simsbury MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
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