NewPoint Real Estate Capital Provides $27.5M Acquisition Loan For Hartford Multifamily Portfolio

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.