EOM Secures $5 Million Refinance Loan From TD Bank For Multifamily Property In Hartford
Broadview Terrace
$5,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 28, 2026
AI
The property asset involved in this transaction is a multifamily building located at 367-393 Broadview Ter in Hartford, CT, comprising 62 units. The refinancing loan amount secured for this asset is $5,000,000, subject to a 5-year fixed loan term with open prepayment options.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Lender: TD Bank
- Landlord: EOM
- Brokers: Jared Sobel, Mike Alexander, Scott Kummings, Ben Daniels - Raven Property Advisors
- Loan Type: Refinance
- Loan Terms: 5YR Fixed, Open Prepayment
- Units: 62
- Market: Hartford, CT
The key individuals involved in the deal include Jared Sobel, Mike Alexander, Scott Kummings, and Ben Daniels, representing the landlord through Raven Property Advisors. Their collaboration facilitated the loan arrangement with TD Bank, contributing to the successful refinancing of the multifamily asset.
Players
Hartford 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93