Bankwell Financial Group Provides $3.5M Acquisition Loan For Office Property In New Canaan, CT
FINANCED
$3,500,000
Connecticut
See Similar DealsOffice14,500 SF
Financed 08/27/2021
FINANCED
Bankwell Financial Group Provides $3.5M Acquisition Loan For Office Property In New Canaan, CT
50 Pine Street, New Canaan, CT, USA
See Similar DealsOffice14,500 SF
Financed 08/27/2021
Summary
CONNECTICUT
Asset Type:Office
Price Per Square Foot:$241
Total Square Footage:14,500 SF
Transaction Type:Loan
The property involved in this transaction is an office located at 50 Pine Street in New Canaan, CT. It has a total square footage of 14,500 and was acquired through an Acquisition Loan.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,500,000
- Address: 50 Pine Street, New Canaan, CT
- Market: New Canaan, CT
- Lender: Bankwell Financial Group
- Broker: Ben Jacobs - Meridian Capital Group
Ben Jacobs from Meridian Capital Group represented the buyer in this deal, while Bankwell Financial Group provided the loan amount of $3,500,000. For more information, please contact Ben Jacobs directly at 212-612-0202 or [email protected].
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,500,000.00
Monthly NOI$23,333.33
Monthly Debt Service$22,122.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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