Loan amount
$31,000,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$31,500,000
{PP:$31,500,000}
LTV
98%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
680
Deal experience
100 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Colchester
State
Connecticut
Loan Details
Purchase price
$31,500,000
Down payment
$500,000
Additional Loan Information
New T12s are attached. The T3/T12 NOIs are up significantly.
Colchester Estates – 12 Balaban Road, Colchester, CT – 92 Units – asking $18,500,000.
The Cove Collection – 149-160 Frederick Street & 156-164 Wardwell Street, Stamford, CT – 34 Units – $8,975,000.
Wharton & Parsons Apartments – 24 Parsons Street, 219 South Orchard Street & 286 South Elm Street, Wallingford, CT – 42 Units – $8,400,000
Expense & Pricing for 3 apartment opportunities located in Connecticut. Each sheet has several tabs that include property facts and pricing, rent rolls, T12s, and Income & Expense Analysis.
Colchester Estates – 12 Balaban Road, Colchester, CT – 92 Units – asking $18,500,000.
The Cove Collection – 149-160 Frederick Street & 156-164 Wardwell Street, Stamford, CT – 34 Units – $8,975,000.
Wharton & Parsons Apartments – 24 Parsons Street, 219 South Orchard Street & 286 South Elm Street, Wallingford, CT – 42 Units – $8,400,000
Expense & Pricing for 3 apartment opportunities located in Connecticut. Each sheet has several tabs that include property facts and pricing, rent rolls, T12s, and Income & Expense Analysis.
Status
Open
Created
December 6, 2023 - 3:05am
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