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TGM Refis Stamford Apartment/Marina Complex
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.”
- ◦Financing
