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David J. Fravigar Of Berkley Properties Secures $115.6M Freddie Mac Refinance For Multifamily Properties

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FINANCED
$115,600,000

Connecticut

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MultiFamily
Financed 06/03/2026
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Property Image
FINANCED

David J. Fravigar Of Berkley Properties Secures $115.6M Freddie Mac Refinance For Multifamily Properties

1 Lighthouse Lane & 1 Maple Tree Lane

See Similar Deals
MultiFamily
Financed 06/03/2026
the dealplayerscompscontact
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Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Loan

The Cove at Gateway Commons and Sound at Gateway Commons are two multifamily properties located at 1 Lighthouse Lane and 1 Maple Tree Lane in East Lyme, Connecticut. A refinance loan amounting to $115,600,000 has been secured for these properties.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $115,600,000
  • Lender: Freddie Mac
  • Landlord: David J. Fravigar - Berkley Properties
  • Broker: Avi Kozlowski - Newmark
  • Loan Type: Refinance
  • Loan Terms: 10-year, fixed-rate loan

Newmark facilitated the refinancing process for the aforementioned multifamily properties, highlighting the involvement of David J. Fravigar from Berkley Properties as the landlord, while Avi Kozlowski from Newmark acted as the broker in the transaction.

Players

Newmark
Newmark
BROKERAGE
Freddie Mac
Freddie Mac
LENDER

Details

FINANCED
IMAGE: David J. Fraviga & Avi Kozlowski DATE: 06/03/2026 ADDRESS: 1 Lighthouse Lane & 1 Maple Tree Lane MARKET: East Lyme, CT ASSET TYPE: Multifamily LENDER: Freddie Mac (@FreddieMacCorp) LANDLORD: David J. Fravigar - Berkley Properties BROKER: Avi Kozlowski - Newmark (@Newmark LOAN AMOUNT: $115,600,000 LOAN TYPE: Refinance LOAN TERMS: 10-year, fixed-rate loan NOTE: Newmark arranged a $115.6M Freddie Mac refinancing for The Cove at Gateway Commons and Sound at Gateway Commons, two multifamily properties in East Lyme, Connecticut.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$115,600,000.00

Monthly NOI$770,666.67
Monthly Debt Service$730,670.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00