AMS Acquisitions And Avenue Capital Realty Secure $71M Construction Loan For Multifamily Development

A joint venture between AMS Acquisitions and Avenue Capital Realty is developing a 208-unit multifamily building located at 131 Danbury Road in Wilton, Connecticut. The project secured $71 million in construction financing from Madison Realty Capital.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $71,000,000
• Lender: Josh Zegen - Madison Realty Capital
• Landlord: Michael Mitnick - AMS Acquisitions & Udi Kore - Avenue Capital Realty
• Brokers: Alex Bailkin, Morris Betesh & Matt O’Hanlon - Arrow Real Estate Advisors

This transaction highlights key figures in the financing and development sectors, with Josh Zegen representing Madison Realty Capital as the lender. The landlord entities include Michael Mitnick of AMS Acquisitions and Udi Kore from Avenue Capital Realty, who are facilitating the project’s construction financing. The deal involved brokers Alex Bailkin, Morris Betesh, and Matt O’Hanlon from Arrow Real Estate Advisors.