Lonicera Partners, Nimbus Properties And Benedict Capital Secure $88M Loan For 120-unit Multifamily Project In Greenwich

The transaction involves a multifamily property consisting of 120 units located at 7 Benedict Place and 23 Benedict Place in Greenwich, CT. This development includes 48 affordable units and is backed by a construction loan of $88 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $88,000,000
• Loan Type: Construction
• Lender: Santander Bank
• Landlord: Jamie Anthony, John Evans & Demetrios Yatrakis - Lonicera Partners; Nimbus Properties & Benedict Capital
• Brokers: Gideon Gil, Taylor Geiger, Cecelia Galligan & Nick Pappas - Cushman & Wakefield

Lonicera Partners, Nimbus Properties, and Benedict Capital are the key entities that secured the construction loan, which aims to facilitate the building of Benedict Court in downtown Greenwich.