East Lyme Apartment Complexes Land $116M Freddie Mac Financing

Newmark arranged $115.6 million in financing to refinance The Cove at Gateway Commons and Sound at Gateway Commons, both located in East Lyme, CT. Newmark Capital Markets Strategies Managing Director Avi Kozlowski secured the financing through Freddie Mac.

“We were pleased to help our client secure 10-year fixed-rate financing that supports their long-term objectives, and we appreciate the trust they placed in Newmark to execute on their behalf,” said Kozlowski.

Located along Connecticut’s southeastern shoreline, The Cove at Gateway Commons and Sound at Gateway Commons offer residents access to the region’s coastal amenities, employment centers and transportation infrastructure. The properties are situated near Interstate 95 and Interstate 395, providing connectivity throughout Connecticut and to major regional markets including New Haven, Providence and Boston.

Sound at Gateway Commons offers garden-style studio- to three-bedroom apartments, while The Cove at Gateway Commons consists of one-, two- and three-bedroom apartments and townhomes with attached garages and larger-format layouts.

Photo courtesy of Simon Konover.

Inside The Story

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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