3650 Capital, Bank OZK Finance Stamford Multifamily Development

3650 Capital originated a $32-million mezzanine loan to facilitate the ground-up construction of The Coastline, a Class A, 198-unit multifamily property at 130 Broad St. in Stamford, CT. The project, slated for completion in summer 2027, is also being financed with a $59-million senior loan from Bank OZK.

The loan, originated by 3650’s Real Estate Credit Solutions platform, was made to TR Broad II, LLC, a partnership affiliated with the F. D. Rich Company, a Stamford-based developer. It was arranged by senior managing director Ari Schwartzbard of Newmark.

“We continue to see strategic opportunities to deploy capital for ground-up multifamily construction in select submarkets such as Downtown Stamford, which exhibits limited new supply, strong recent population growth and high household incomes,” said 3650 Capital co-founder and managing partner Jonathan Roth.

The Coastline will rise 13 stories and encompass 181 market-rate and 17 below-market-rate apartments.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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