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City: Norwalk
Norwalk, Conn., Apartment Property Sells for $157Mln
Invictus Real Estate Partners has paid $157 million, or $338,362/unit, for the 464-unit Waypointe apartment property in Norwalk, Conn., about 45 miles northeast of Manhattan. It financed its purchase with a $107.3 million Freddie Mac loan that was arranged by ...
Palm Country Club/11615 Firestone Blvd.
96 percent occupied. The buyer funded its purchase with a $42.6 million Fannie Mae loan written by Capital One Multifamily Finance. The 10-year debt, written under the agency's Delegated Underwriting and Servicing Program, pays a rate pegged to one-month Libor ...
Walmart at Norwalk/680 Connecticut Ave.
fully leased.
RiverPark
68 percent leased.
Avalon at Civic Center/12700 Bloomfield Ave.
Sares-Regis has renamed the property Solterra at Civic Center.
40 Richards Ave.
64 percent occupied.
Jefferson at 55/77 Water @ 55-77 North Water St.
Cooper-Horowitz arranged financing for the sale. Cooper-Horowitz arranged financing for the latest acquisition.
Wilton Campus Shops/5 River Road
98 percent leased. Kimco assumed a $19.2 million CMBS loan against the property. The debt, which is securitized through Morgan Stanley Capital I Trust, 2005-TOP19, is interest only and has a coupon of 4.88 percent. It matures in May 2015.
535 Connecticut Ave.
Foreclosure sale. The property backs a $20 million loan that was securitized through LB-UBS Commercial Mortgage Trust, 2002-C4.
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