Updated Sep 9, 2024
Paradigm Commercial Real Estate Arranges $10.5M Bridge Loan For Wilton Office Property
40 Danbury Rd Wilton, CT 06897, USA
$10,500,000
Building Size
—
Asset Type
Office
Closing
Jul 7, 2023
About this deal
AI
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.
On the Map
$10,500,000
Office
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Players
Wilton Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93