Goldman Sachs, Bank Of Montreal, And Morgan Stanley Provide $155M Loan For Danbury Fair Mall In CT | 7 Backus Avenue | Bank of Montreal (BOM), Morgan Stanley | Retail | Loan

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.

Players

All
2

Lenders
2

Bank of Montreal (BOM)

Morgan Stanley

Details

Deal Summary

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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