CBRE Arranges Financing for Luxury Residential Property

CBRE Capital Markets’ Debt & Structured Finance team has arranged an $89 million loan for the acquisition of 75 Tresser Boulevard, a 344-unit, four-story luxury residential property located in Downtown Stamford, CT.

CBRE arranged the loan on behalf of Monday Properties and Washington Capital and financing was provided by Apollo Global Management.

A team of Jason Gaccione, Shawn Rosenthal, Jake Salkovitz and Lauren Weinstein facilitated the loan on behalf of the borrower.

The new owners plan to initiate a unit renovation program and amenity upgrades to modernize and reposition the property. Built in 2014, the property offers studios, one-, two- and three-bedroom apartments with stone countertops, wood-style flooring, nine-foot ceilings, panoramic windows, and in-unit washers and dryers. Select units feature 12-foot ceiling lofts, Juliette balconies, patios and terraces. 

75 Tresser Boulevard also boasts a vast array of amenities, including three outdoor courtyards including one with a swimming pool and outdoor grilling stations, a community lounge area, catering kitchen, conference room, technology center, and a best-in-class 5,000-square-foot fitness center and yoga studio.