NewPoint Real Estate Capital Provides $27.5M Acquisition Loan For Hartford Multifamily Portfolio | Meridian Capital Group brokers $27,537,000 loan for multifamily portfolio | NewPoint Real Estate Capital | Zev Karpel, Jacob Schmuckler, Israel Mermelstein | MultiFamily | Loan

Summary

Loan

CONNECTICUT

MultiFamily

The acquisition of a multifamily portfolio in Hartford, CT has been facilitated by a loan provided by NewPoint Real Estate Capital. The portfolio consists of 459 multifamily units.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $27,537,000
Market: Hartford, CT
Loan Type: Acquisition
Loan Terms: 10-Year term with six years Interest-Only
Lender: NewPoint Real Estate Capital
Brokers: Israel Mermelstein, Zev Karpel & Jacob Schmuckler - Meridian Capital Group

The loan provided by NewPoint Real Estate Capital enables the acquisition of the multifamily portfolio. Israel Mermelstein, Zev Karpel, and Jacob Schmuckler from the Meridian Capital Group represented the buyer as brokers in the deal.

Players

All
5

Agents
3
Agencies
1
Lenders
1

$68.1M Sold

$71.3M Sold

Meridian Capital Group

NewPoint Real Estate Capital

Details

Deal Summary

FINANCED

IMAGE: Israel Mermelstein, Zev Karpel & Jacob Schmuckler DATE: 07/19/2022 ADDRESS: Multifamily Portfolio MARKET: Hartford, CT ASSET TYPE: Multifamily ~ UNITS: 459 LENDER: NewPoint Real Estate Capital BROKERS: Israel Mermelstein (@SrulyMermelstein), Zev Karpel & Jacob Schmuckler - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $27,537,000 LOAN TYPE: Acquisition LOAN TERMS: 10-Year term with six years Interest-Only

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AddressMeridian Capital Group brokers $27,537,000 loan for multifamily portfolio

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