Avi Meer Secures $5M Loan From Bankwell For Multifamily Property On Fountain Street, Bristol Street
FINANCED
$5,000,000
Connecticut
See Similar DealsMultiFamily38,000 SF
Financed 07/17/2020
FINANCED
Avi Meer Secures $5M Loan From Bankwell For Multifamily Property On Fountain Street, Bristol Street
90 Bristol St, New Haven, CT 06511, USA
See Similar DealsMultiFamily38,000 SF
Financed 07/17/2020
Summary
CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$131
Total Square Footage:38,000 SF
Transaction Type:Loan
The multifamily property located at 58 Fountain Street and 90 Bristol Street in New Haven, CT has successfully closed a loan transaction. The loan was secured from Bankwell for an amount of $5,000,000. The property spans across 38,000 square feet and consists of 34 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Address: 58 Fountain Street, 90 Bristol Street, New Haven, CT
- Lender: Bankwell
- Landlord: Avi Meer
- Broker: Abe Mann – Progress Capital
Abe Mann from Progress Capital represented the parties involved in the transaction as the broker. This successful deal further highlights Avi Meer's role as the landlord.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,000,000.00
Monthly NOI$33,333.33
Monthly Debt Service$31,603.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions