Freddie Mac Provides $2.38M Refinance Loan For Bridgeport Multifamily Property | 729 Stillman Street, 743 Stillman Street & 359 Nichols Street | Abe Mann | MultiFamily | Loan

Summary

Loan

CONNECTICUT

MultiFamily

The recently closed property transaction in Bridgeport, CT involves three multifamily properties located at 729 Stillman St, 743 Stillman St, and 359 Nichols St. The properties together consist of 18 units, making it an attractive investment opportunity in the rental market of Bridgeport.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $2,380,000
Loan Type: Refinance
Loan Terms: 75% LTV, 5.25% Fixed for 5 Years, Par, Stepdown, Rate Locked at LOI
Landlord: Menahem Lebenhartz
Lender: Freddie Mac
Broker: Abe Mann - Rosewood Realty Group

The loan for this transaction was provided by Freddie Mac, a well-known lender in the real estate industry. The landlord, Menahem Lebenhartz, secured the refinancing loan for the properties. The broker representing the deal was Abe Mann from Rosewood Realty Group.

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SUMMARY:

Summary of transation details

Property Type: Multifamily
Transaction Amount: $2,380,000

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Players

All
2

Agents
1
Agencies
1

Abe Mann

Commercial Mortgage Broker

$14.8M Sold

Mann Capital Advisors

Details

Deal Summary

FINANCED

IMAGE: Abe Mann DATE: 10/31/2022 ADDRESS: 729 Stillman St, 743 Stillman St & 359 Nichols St MARKET: Bridgeport, CT ASSET TYPE: Multifamily ~ UNITS: 18 LENDER: Freddie Mac LANDLORD: Menahem Lebenhartz BROKER: Abe Mann (@AbeMann_) - Rosewood Realty Group (@RosewoodRG) LOAN AMOUNT: $2,380,000 LOAN TYPE: Refinance LOAN TERMS: 75% LTV, 5.25% Fixed for 5 Years, Par, Stepdown, Rate Locked at LOI

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Address729 Stillman Street, 743 Stillman Street & 359 Nichols Street

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