Updated Dec 21, 2023
Marcus & Millichap Capital Corporation Secures $18.9M Refinance Loan For Multifamily Property In Shelton, CT
60 Beard Sawmill Road, Shelton, Connecticut 06484, United States
$18,889,000
$212/SF
Building Size
89,000 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
About this deal
AI
The multifamily property located at 60 Beard Sawmill Road in Shelton, CT has been recently involved in a loan transaction. The property spans approximately 89,000 square feet and consists of 89 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $18,889,000
- Loan Type: Refinance
- Loan Terms: Low 3% fixed, 10-years, full term Interest Only
Robert Bhat from Marcus & Millichap Capital Corporation served as the broker for this deal.
The multifamily loan at 60 Beard Sawmill Road, Shelton, Connecticut 06484, United States in Shelton, Connecticut financed for $18.9M in 2021. Reported inventory is 89,000 square feet across 89 units, or about 212 per square foot. Robert Bhat, Marcus & Millichap appear on the loan alongside Marcus & Millichap. This page is the Shelton, Connecticut file for the 60 Beard Sawmill Road, Shelton, Connecticut 06484, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Shelton sit in the Market section below. Filter that Shelton multifamily set by closing date to see what else financed near 60 Beard Sawmill Road, Shelton, Connecticut 06484, United States around 2021. Published consideration for 60 Beard Sawmill Road, Shelton, Connecticut 06484, United States is $18.9M, dated 2021. Cite this Marcus & Millichap Capital Corporation Secures $18.9M Refinance Loan For Multifamily Property In Shelton, CT loan when underwriting similar multifamily product around Shelton, Connecticut.
Shelton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93