LMF Commercial Refinances Multifamily Property In Asylum Hill, Hartford For $9.45M | LMF Commercial Refinances Multifamily Property In Asylum Hill, Hartford For $9.45M | LMF Commercial | Nate Hyman | MultiFamily | Loan

Summary

Loan

CONNECTICUT

MultiFamily

13,824 sqft

An undisclosed property in Asylum Hill, Hartford has undergone a refinancing transaction. The property is a multifamily asset spanning 13,824 square feet and consisting of 115 units. The deal, closed on November 21, 2023, involved an asset valued at $9,450,000.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $9,450,000
Market: Asylum Hill, Hartford
Square Footage: 13,824
Units: 115

The lender responsible for the refinancing loan is LMF Commercial, represented by Nihad Choudhury. The loan terms are as follows: CMBS, 10-year full interest-only, 1.22x debt service coverage ratio (DSCR), 70% loan-to-value (LTV), and 92% loan-to-cost (LTC).

Nate Hyman from Polaris Funding acted as the broker in this transaction, assisting in the successful refinancing of the property.

Players

All
2

Agents
1
Lenders
1

Nate Hyman

Principal of Polaris Funding

$42M Sold

LMF Commercial

Details

Deal Summary

FINANCED

IMAGE: Nihad Choudhury & Nate Hyman DATE: 11/21/2023 MARKET: Asylum Hill, Hartford ASSET TYPE: Multifamily ~ SF: 13,824 ~ UNITS: 115 LENDER: LMF Commercial - Nihad Choudhury (@NihadChy) BROKER: Nate Hyman (@HymanNate) - Polaris Funding LOAN AMOUNT: $9,450,000 LOAN TYPE: Refinance LOAN TERMS: CMBS: 10-year full IO, 1.22x DSCR, 70% LTV, 92% LTC

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AddressLMF Commercial Refinances Multifamily Property In Asylum Hill, Hartford For $9.45M

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