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448 Mill Plain Road

Tom Grape Of Benchmark Senior Living Secures $35.3M Loan For Senior Housing In Fairfield CT
FINANCEDSenior Housing

Tom Grape Of Benchmark Senior Living Secures $35.3M Loan For Senior Housing In Fairfield CT

448 Mill Plain Road

$35,300,000

Building Size

Asset Type

Senior Housing

Closing

Sep 19, 2025

AI

The property involved in the transaction is an 88-unit assisted living and memory care community located at 448 Mill Plain Road in Fairfield, CT. A permanent loan of $35,300,000 was secured to facilitate this transaction through Freddie Mac, with the asset specifically designated for senior housing purposes.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $35,300,000
  • Address: 448 Mill Plain Road
  • Market: Fairfield, CT
  • Units: 88
  • Lender: Freddie Mac
  • Landlord: Tom Grape - Benchmark Senior Living
  • Broker Representatives: Taylor Mokris & Ryan Stoll - Bellwether Enterprise (BWE)

This transaction highlights the key players within the deal, including Tom Grape representing Benchmark Senior Living as the landlord, while Taylor Mokris and Ryan Stoll acted as broker representatives from Bellwether Enterprise, contributing their expertise to close the loan through Freddie Mac.

Players

Ryan Stoll

Bellwether Enterprise (BWE)

Broker

$709.1M

vol

9 deals

Broker
Bellwether Enterprise (BWE)
Bellwether Enterprise (BWE)Brokerage
Freddie Mac
Freddie MacLender

Fairfield Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93