Voya Financial Provides $27.91 Million Acquisition Loan For Retail Property In Hartford

The property asset involved in this transaction is a retail space located at 641 Farmington Avenue in the Hartford market. It has a total square footage of 263,829. The deal includes a loan amount of $27,914,000, structured as an acquisition loan with a term of five years.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $27,914,000
• Lender: Voya Financial
• Landlord: Sterling Organization
• Brokers: Chris Drew, Henry Schaffer, Michael DiCosimo & Aaliyah St. Louis - JLL
• Loan Type: Acquisition
• Loan Terms: 5 years

This transaction involved several key individuals including Chris Drew, Henry Schaffer, Michael DiCosimo, and Aaliyah St. Louis, all of whom represent JLL in this deal. The collaboration of these brokers underscores the expertise brought to the transaction, facilitating the acquisition process for the respective parties.