Paradigm Commercial Real Estate Arranges $10.5M Bridge Loan For Wilton Office Property
FINANCED
$10,500,000
Connecticut
See Similar DealsOffice
Financed 07/07/2023
FINANCED
Paradigm Commercial Real Estate Arranges $10.5M Bridge Loan For Wilton Office Property
40 Danbury Rd Wilton, CT 06897, USA
See Similar DealsOffice
Financed 07/07/2023
Summary
CONNECTICUT
Asset Type:Office
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,500,000.00
Monthly NOI$70,000.00
Monthly Debt Service$66,367.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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