Kriss Capital Provides $31.8M Construction Loan For Multifamily Property In Farmington, CT

Located in Farmington, CT, the property at 15 Farm Springs Road recently underwent a closed transaction. This multifamily asset spans approximately 148,000 square feet and consists of 225 units, making it a significant investment in the area. The deal was facilitated by the brokers Thomas Wayda and Ronnie Levine from Meridian Capital.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $31,800,000
• Lender: Kriss Capital
• Landlord: CSRE Group
• Brokers: Thomas Wayda & Ronnie Levine - Meridian Capital
• Loan Type: Construction Loan

The lenders involved in this transaction were Kriss Capital, providing a construction loan to support the property's development. The landlord, CSRE Group, facilitated the deal, showcasing their expertise in the real estate market. The involvement of brokers Thomas Wayda and Ronnie Levine from Meridian Capital added an additional layer of professionalism and expertise to this closed transaction.