Freddie Mac Provides $302.2M Loan For Central Connecticut Multifamily Portfolio
$302,241,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 7, 2022
AI
An multifamily portfolio in Central Connecticut has been involved in a closed transaction. The property, located at an undisclosed address, is owned by Beachwold Residential, represented by Gideon Friedman. The multifamily asset has attracted the attention of Freddie Mac, who provided a loan amount of $302,241,000, as reported on March 7, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $302,241,000
- Market: Central Connecticut
- Landlord: Beachwold Residential - Gideon Friedman
- Lender: Freddie Mac
- Broker: Taylor Williams - Walker & Dunlop
Taylor Williams, a representative from Walker & Dunlop, facilitated the deal alongside the landlord's representative, in this case Gideon Friedman. Both parties played a pivotal role in this successful transaction.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93