Amalgamated Bank Provides $8,500,000 Refinance Loan For Hartford Multifamily Asset
FINANCED
$8,500,000
Connecticut
See Similar DealsMultiFamily122,129 SF
Financed 03/17/2026
FINANCED
Amalgamated Bank Provides $8,500,000 Refinance Loan For Hartford Multifamily Asset
MultiFamily122,129 SF
Financed 03/17/2026
Summary
Asset Type:MultiFamily
Price Per Square Foot:$69
Total Square Footage:122,129 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,500,000.00
Monthly NOI$56,666.67
Monthly Debt Service$53,725.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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