CSRE Group Secures $32M Construction Loan For Farmington Hotel

15 Farm Springs Road in Farmington, CT has recently undergone a closed property transaction. The asset involved is a hotel consisting of 381 keys. The deal was facilitated by Tom Wayda and Russ Drebin of Meridian Capital Group, who acted as brokers in the transaction. The lender, Kriss Capital, with Jody Kriss representing them, provided a construction loan of $32,000,000. The loan terms are a two-year, floating-rate loan.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $32,000,000
• Address: 15 Farm Springs Road, Farmington, CT
• Market: Farmington, CT
• Keys: 381
• Lender: Kriss Capital - Jody Kriss
• Broker: Tom Wayda & Russ Drebin - Meridian Capital Group

This deal showcases the collaboration between various key individuals and companies. Kriss Capital, represented by Jody Kriss, served as the lender for the transaction, providing a construction loan. The landlord of the property is CSRE Group. Additionally, Tom Wayda and Russ Drebin from Meridian Capital Group played a crucial role as brokers, facilitating the successful completion of the deal.