FINANCED
Freddie Mac Provides $3.05M Acquisition Loan For Multifamily Property In West Haven, CT
560 Main Street & 543 Woodward Avenue
MultiFamily
26,500 SF
26,500 SF
Financed 319 days ago
Summary
Loan
CONNECTICUT
MultiFamily
26,500 sqft
A multifamily property located at 560 Main Street & 543 Woodward Ave in West Haven, CT has been involved in a recent loan transaction. The property spans approximately 26,500 square feet and consists of 31 units. The loan was facilitated by Freddie Mac, a well-known lender in the industry.
Summary of transaction details
- Property Type: Multifamily
- Loan Amount: $3,050,000
- Loan Type: Acquisition
- Loan Terms: 82% LTV, 6% fixed for 5 years, 1 year IO, stepdown prepay
In this transaction, the landlords, Shneor and Eli Zohar, were seeking financing for the acquisition of the multifamily property. They were represented by Abe Mann from Mann Capital Advisors, who played a crucial role in securing the loan from Freddie Mac.
Players
All
3
Agents
1
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Abe Mann
DATE: 06/02/2023
ADDRESS: 560 Main Street & 543 Woodward Ave
MARKET: West Haven, CT
ASSET TYPE: Multifamily ~ SF: 26,500 ~ UNITS: 31
LENDER: Freddie Mac
LANDLORD: Shneor And Eli Zohar
BROKER: Abe Mann (@AbeMann_) - Mann Capital Advisors
LOAN AMOUNT: $3,050,000
LOAN TYPE: Acquisition
LOAN TERMS: 82% LTV, 6% fixed for 5 years, 1 year IO, stepdown prepayView on map
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Address560 Main Street & 543 Woodward Avenue
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