News: Connecticut
Posted: January 2, 2008
Tremont Realty Capital structures $3m financing for Conn. bank portfolio
Stephen Henderson, a senior director with Tremont Realty Capital, arranged the $3 million loan for the refinancing of a portfolio of bank buildings located in various locations throughout Connecticut, funded through a regional bank.
The 10-year non-recourse loan provided for roughly 75% loan-to-value, with a competitive interest rate. The properties were 100% occupied at the time of closing. Major tenants include local and national banks.
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MORE FROM Connecticut
Highcap Group brokers $41.1 million sale of two building multifamily portfolio
Norwalk, CT Highcap Group has completed the sale of two luxury multifamily properties with a total of 120 units for a combined purchase price of $41.4 million.
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