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Broadview Terrace

EOM Secures $5 Million Refinance Loan From TD Bank For Multifamily Property In Hartford
FINANCEDMultiFamily

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:

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

Ben Daniels

Raven Property Advisors

Broker

$20.1M

vol

3 deals

Broker
Jared Sobel
Verified Badge

Jared Sobel

Raven Property Advisors

Broker

$15.1M

vol

2 deals

Broker
TD Bank
TD BankLender

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