Paradigm Commercial Real Estate Arranges $10.5M Bridge Loan For Wilton Office Property

The office property located at 40 Danbury Road in Wilton, CT has recently undergone a loan transaction. The loan amount for this deal was $10,500,000 and it was classified as a Bridge loan. The loan terms include a 5-year fixed rate of 7%, with 2 years of interest-only payments and a 25-year amortization schedule. The loan-to-cost (LTC) ratio was 70% and there is a prepayment penalty of 3, 2, 1.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $10,500,000
• Address: 40 Danbury Road, Wilton, CT
• Market: Wilton, CT

This loan transaction was facilitated by Adrian Edery & Sara Frankel from Paradigm Commercial Real Estate. They acted as the representatives for the parties involved in this deal, providing their expertise and guidance throughout the process.