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
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