Fannie Mae Refinances Multifamily Property In Bridgeport, CT With $5.25M Loan
62 Coleman Street
$5,250,000
$124/SF
Building Size
42,120 SF
Asset Type
MultiFamily
Closing
Dec 13, 2023
AI
The multifamily property located at 62 Coleman Street in Bridgeport, CT has been involved in a loan transaction. The property spans a total of 42,120 square feet and consists of 41 units. The loan amount for this transaction is $5,250,000, and the loan type is a refinance. The loan terms include a fixed period of 5 years, with the first 3 years being interest-only.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,250,000
- Address: 62 Coleman Street, Bridgeport, CT
- Market: Bridgeport, CT
- Square Footage: 42,120
- Units: 41
Fannie Mae has provided the loan for this transaction. The landlord involved in the deal is Shneor Edelkopf. The brokerage representation for this transaction was handled by Abe Mann from Mann Capital Advisors.
Players
Bridgeport 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93