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7 Backus Avenue
FINANCED

Goldman Sachs, Bank Of Montreal, And Morgan Stanley Provide $155M Loan For Danbury Fair Mall In CT

7 Backus Avenue

Retail
1,280,000 SF
clock iconFinanced 74 days ago
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Summary

Loan
CONNECTICUT
Retail
1,280,000 sqft

The Danbury Fair Mall, a 1.28 million-square-foot shopping center located at 7 Backus Avenue in Danbury, CT, has secured $155 million in financing. The loan was provided by Goldman Sachs, Bank of Montreal, and Morgan Stanley.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $155,000,000
  • Address: 7 Backus Avenue, Danbury, CT
  • Market: Danbury, CT
  • Asset Type: Retail
  • Square Footage: 1,280,000

Goldman Sachs, Bank of Montreal, and Morgan Stanley came together to provide the financing for the Danbury Fair Mall. The loan has a 10-year term, requiring only interest payments, and a coupon of 6.39 percent.

Details

Deal Summary
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FINANCED
IMAGE: David M. Solomon & Ted Pick DATE: 02/07/2024 ADDRESS: 7 Backus Avenue MARKET: Danbury, CT ASSET TYPE: Retail ~ SF: 1,280,000 LENDER: David M. Solomon - Goldman Sachs (@GoldmanSachs), Bank of Montreal (BOM), & Ted Pick - Morgan Stanley (@Morgan.Stanley) LOAN AMOUNT: $155,000,000 NOTE: Goldman Sachs, Bank of Montreal, and Morgan Stanley provided $155 million in financing for the Danbury Fair Mall, a 1.28 million-square-foot shopping center in Connecticut, with a 10-year term requiring only interest payments and a coupon of 6.39 percent.

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Address7 Backus Avenue

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