Amalgamated Bank Provides $8,500,000 Refinance Loan For Hartford Multifamily Asset
$8,500,000
$69/SF
Building Size
122,129 SF
Asset Type
MultiFamily
Closing
Mar 17, 2026
AI
The property asset involved in this transaction is a multifamily building located in Asylum Hill, Hartford, CT. It features a total square footage of 122,129 and comprises 103 units. A loan amount of $8,500,000 has been arranged for a refinance transaction concerning this asset.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,500,000
- Market: Hartford, CT
- Loan Type: Refinance
- Lender: Amalgamated Bank
- Landlord's Representative: Jacob Schmuckler & Meir Schlusselberg - Arrow Real Estate Advisors
This transaction involves key individuals including Jacob Schmuckler and Meir Schlusselberg, who represent the landlord through Arrow Real Estate Advisors. Amalgamated Bank serves as the lender for the refinance loan facilitated for the property.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93