Jones Street Investment Partners Acquires Glastonbury Multifamily Property With $54.98M Fannie Mae Loan
917 New London Turnpike
MultiFamily
Financed 1 year ago
Summary
The multifamily property located at 917 New London Turnpike in Glastonbury, CT has recently undergone a transaction. The property spans over 32 acres and consists of 250 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $54,980,000
- Loan Type: Acquisition
- Loan Terms: long-term fixed-rate senior loan
- Lender: Fannie Mae
- Landlord: Jones Street Investment Partners
- Brokers: Michael Riccio, Susan Larkin & Anna Paladino - CBRE Capital Markets
The loan of $54,980,000 was provided by Fannie Mae. The acquisition loan is a long-term fixed-rate senior loan. Representing the transaction were brokers Michael Riccio, Susan Larkin, and Anna Paladino from CBRE Capital Markets. The landlord, Jones Street Investment Partners, facilitated the deal.
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917 New London Turnpike
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