Liberty Bank Provides $47 Million Loan For United Group's 164-Unit Senior Housing Project In Bloomfield
871 Blue Hills Avenue
$47,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 12, 2025
AI
The property involved in this transaction is a 164-unit multi-family senior housing project known as Arbella at Blue Hills, located at 871 Blue Hills Avenue in Bloomfield, Connecticut. Liberty Bank issued a loan amount of $47 million for this asset which is situated in a significant market area.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $47,000,000
- Lender: Liberty Bank
- Landlord: Michael J. Uccellini - United Group
- Asset Units: 164
- Market: Bloomfield, CT
The financing for the transaction was arranged by JLL Capital Markets, highlighting their involvement in facilitating the loan for United Group of Cos.’ project aimed at providing senior housing solutions in the area.
Players
Bloomfield 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93