Trinity Financial, which is redeveloping the historic Aeolian Co. building in Meriden, Conn., into 82 apartment units, has lined up a total of $78.4 million of equity and debt financing for the project. KeyBank led the financing. Its Community Development ...
Sound Point Capital provided $28.5 million of financing to help fund the acquisition. JLL arranged the loan. The property previously was encumbered by $18.4 million of Freddie Mac debt that was securitized through FREMF, 2013-K26. The loan had been locked ...
Commercial Real Estate Direct Staff Report Beachwold Residential has paid $34.8 million, or $193,333/unit, for Alvista Willow Brook, a 180-unit apartment property in Meriden, Conn. The New York company bought the property from a venture of PCCP LLC and Phoenix ...
The property is encumbered by $21 million of Freddie Mac financing that matures in 2022 and pays a coupon of 3.95 percent.
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