TGM has refinanced the mortgage on its TGM Anchor Point, a 323-unit waterfront multifamily apartment community and 72-slip marina in Stamford, CT. Financial terms weren’t disclosed.
The property received Green Globes Certification, enabling TGM to secure competitive borrowing terms from Fannie Mae as a result of TGM Anchor Point’s green efficiency and sustainability. The refi was originated by Team Edelson at Walker & Dunlop.
TGM Anchor Point was built in 2000. It offers a total of 23 different floor plans ranging in size from 522-square-foot studios to 1,767 -square-foot three-bedroom lofts.
“Stamford and the area immediately surrounding Anchor Point have undergone considerable gentrification throughout the initial hold period,” said Michael Frazzetta, managing principal, CFO and head of investor relations at TGM. “The property and the Stamford market have shown resiliency and improvement throughout COVID-19 and we expect these factors will remain strong for the foreseeable future.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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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