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Walker & Dunlop brokers $30...

Freddie Mac Provides $302.2M Loan For Central Connecticut Multifamily Portfolio
FINANCEDMultiFamily

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

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

Taylor Williams

Walker & Dunlop

Broker

$385.7M

vol

3 deals

Broker
Freddie Mac
Freddie MacLender
Gideon Friedman

Gideon Friedman

Beachwold Residential

Landlord

$516.6M

vol

5 deals

Landlord

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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