JLL Facilitates $20.44M Refinance Loan For 214-Unit Multifamily Property In East Haven, CT

Located at 510 Main St in East Haven, CT, this recently closed property transaction involved a multifamily asset consisting of 214 units. The deal, dated 10/28/2021, was for a refinance loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $20,440,000
• Address: 510 Main St, East Haven, CT
• Market: East Haven, CT
• Loan Type: Refinance
• Loan Terms: 10-year, fixed-rate loan
• Landlord: Beachwold Residential LLC
• Lender's Rep: JLL Real Estate Capital, LLC
• Landlord's Rep: Elliott Throne, Mona Carlton, Alex Staikos, & Amit Kakar - JLL Capital Markets

The loan amount for this transaction was $20,440,000. JLL Real Estate Capital, LLC acted as the lender's representative for the deal, while Elliott Throne, Mona Carlton, Alex Staikos, and Amit Kakar from JLL Capital Markets represented the landlord, Beachwold Residential LLC. The loan terms were a 10-year, fixed-rate loan.