facebook
Traded Co logo
Submit

Citi Provides $24.25 Million Refinance For Self Storage Facility In Hamden, CT

Property Image
FINANCED
$24,250,000

Connecticut

See Similar Deals
Self Storage112,306 SF
Financed 09/10/2024
the dealplayerscompscontact
Property Image
FINANCED

Citi Provides $24.25 Million Refinance For Self Storage Facility In Hamden, CT

1315 Dixwell Avenue

See Similar Deals
Self Storage112,306 SF
Financed 09/10/2024
the dealplayerscompscontact
Contact now

Summary

CONNECTICUT
Asset Type:Self Storage
Price Per Square Foot:$215
Total Square Footage:112,306 SF
Transaction Type:Loan

The property asset located at 1315 Dixwell Avenue in Hamden, CT is a self-storage facility with a total square footage of 112,306. The loan amount for this asset is $24,250,000. This transaction involves refinancing with specified terms including a 10-year fixed interest rate, full term interest-only payments, and a cash-out amount of $14.5 million.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $24,250,000
  • Loan Type: Refinance
  • Loan Terms: 10yr Fixed, Full Term IO, $14.5mm Cashout
  • Lender: Citi
  • Broker: Adrian Edery - Paradigm Commercial Real Estate
  • Address: 1315 Dixwell Avenue
  • Market: Hamden, CT
  • Asset Size: 112,306 SF

The deal was represented by Adrian Edery, who is associated with Paradigm Commercial Real Estate. His role involved facilitating the refinancing loan process with Citi for the self-storage facility in Hamden.

Players

Adrian Edery
Two50 Capital Group
Adrian Edery
38 deals$643.2M volume(516) 204-2668
BROKER

Details

FINANCED
IMAGE: Adrian Edery DATE: 09/10/2024 ADDRESS: 1315 Dixwell Avenue MARKET: Hamden, CT ASSET TYPE: Self Storage ~ SF: 112,306 LENDER: Citi BROKER: Adrian Edery - Paradigm Commercial Real Estate (@Paradigm.CRE) LOAN AMOUNT: $24,250,000 LOAN TYPE: Refinance LOAN TERMS: 10yr Fixed, Full Term IO, $14.5mm Cashout

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$24,250,000.00

Monthly NOI$161,666.67
Monthly Debt Service$153,276.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00