New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
JLL Arranges Acquisition Loan on Downtown Stamford Apts.
JLL Capital Markets arranged $64 million in acquisition financing for Summer House, a 227-unit, high-rise apartment community at 184 Summer St. in downtown Stamford, CT. JLL worked on behalf of Beachwold Residentia to secure the 10-year, full-term interest only, fixed-rate loan through Freddie Mac Multifamily.
The JLL Capital Markets Debt Advisory Team representing the borrower was led by senior managing directors Mona Carlton and Elliott Throne, directors Amit Kakar and Kenny Cutler and analyst Josh Odessky.
“Summer House’s strong infill location and luxury finishes position it well for continued growth in the thriving downtown Stamford submarket,” Kakar said. “The property is an excellent addition to Beachwold’s portfolio.”
Built in 2016, the 22-story building features studio, one-, two-, and three-bedroom units with city and water views, wood plank flooring, stone countertops, Stainless steel appliances, modern cabinetry, in-unit washers and dryers, and walk-in closets.
- ◦Financing
