Jones Street Investment Partners Acquires Glastonbury Multifamily Property With $54.98M Fannie Mae Loan

The multifamily property located at 917 New London Turnpike in Glastonbury, CT has recently undergone a transaction. The property spans over 32 acres and consists of 250 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $54,980,000
• Loan Type: Acquisition
• Loan Terms: long-term fixed-rate senior loan
• Lender: Fannie Mae
• Landlord: Jones Street Investment Partners
• Brokers: Michael Riccio, Susan Larkin & Anna Paladino - CBRE Capital Markets

The loan of $54,980,000 was provided by Fannie Mae. The acquisition loan is a long-term fixed-rate senior loan. Representing the transaction were brokers Michael Riccio, Susan Larkin, and Anna Paladino from CBRE Capital Markets. The landlord, Jones Street Investment Partners, facilitated the deal.