Apollo Global Management Provides $89M Loan For Multifamily Acquisition In Stamford, CT By Monday Properties & Washington Capital
FINANCED
$89,000,000
+ 1
Connecticut
See Similar DealsMultiFamily325,132 SF
Financed 03/03/2022
FINANCED
Apollo Global Management Provides $89M Loan For Multifamily Acquisition In Stamford, CT By Monday Properties & Washington Capital
75 Tresser Boulevard
See Similar DealsMultiFamily325,132 SF
Financed 03/03/2022
+ 1
Summary
CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$273
Total Square Footage:325,132 SF
Transaction Type:Loan
The acquisition of a multifamily property located at 75 Tresser Blvd in Stamford, CT has recently been finalized. The property consists of 344 units and was acquired by Monday Properties and Washington Capital. The transaction was facilitated by CBRE brokers Jason Gaccione, Shawn Rosenthal, Jake Salkovitz, and Lauren Weinstein.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $89,000,000
- Loan Type: Acquisition
- Lender: Apollo Global Management
Apollo Global Management provided a loan of $89,000,000 to facilitate the acquisition. The loan was secured by the property located at 75 Tresser Blvd. The acquisition was carried out by Monday Properties and Washington Capital, with CBRE brokers Jason Gaccione, Shawn Rosenthal, Jake Salkovitz, and Lauren Weinstein representing the parties involved in the transaction.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$89,000,000.00
Monthly NOI$593,333.33
Monthly Debt Service$562,540.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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