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NYCB Provides $31.6M Loan For Multifamily Properties In Norwalk, CT With Brokers Meridian Capital Group

34 Oakwood Avenue - Point Rock at Oakwood & 101 Washington Street - The Sono Pearl
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This MultiFamily property located in CT received a loan of $31,600,000 over 3 years ago. The brokers of the deal were Judah Hammer and Daniel Neiss

The multifamily property located at 34 Oakwood Avenue in Norwalk, CT and 101 Washington Street, known as The Sono Pearl, were involved in a recent closed transaction. The deal included a loan for a total amount of $31,600,000, provided by NYCB. The loan served the purpose of both refinance and acquisition. The loan terms span over a 36-month period with an interest rate of 3.125%. For the first 24 months, interest-only payments will be made.

Summary of transaction details

Judah Hammer and Daniel Neiss from Meridian Capital Group represented the parties involved in the transaction as the brokers. They played a pivotal role in facilitating the deal for the multifamily properties at 34 Oakwood Avenue and 101 Washington Street, also known as The Sono Pearl, located in Norwalk, CT.

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Deals
  • Location
    Point Rock at Oakwood, 34 Oakwood Avenue, Norwalk, CT, USAPoint Rock at Oakwood, 34 Oakwood Avenue, Norwalk, CT, USA
  • Loan Value
    $31,600,000$31,600,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Judah Hammer

Judah Hammer

Deals19
Financed$850.5M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2407
Volume$65.9B

New York Community Bank

New York Community Bank

Lender
Deals87
Volume$ 316.6B

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Deal Summary

LOAN IMAGE: Daniel Neiss, Judah Hammer & Abe Kaidanian DATE: 08/05/2021 ADDRESS: 34 Oakwood Avenue - Point Rock at Oakwood & 101 Washington Street - The Sono Pearl MARKET: Norwalk, CT ASSET TYPE: Multifamily LENDER: NYCB BROKERS: Judah Hammer & Daniel Neiss - Meridian Capital Group LOAN AMOUNT: $31,600,000 LOAN TYPE: Refinance and Acquisition LOAN TERMS: 36-Months | Rates of 3.125% | 24 Months IO

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34 Oakwood Avenue - Point Rock at Oakwood & 101 Washington Street - The Sono Pearl

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