Stamford’s Harbor Point portfolio secures $223.8M to refinance
Contributed
The Vault at 120 Towne St. in Stamford is part of The Harbor Point portfolio.
Commercial real estate firm Cushman & Wakefield announced that it has arranged a refinancing of Harbor Point, a four-building, 989-unit multifamily portfolio in Stamford.
Cushman & Wakefield said it procured $223.8 million provided by Greystone, a private national commercial real estate finance company. The refinancing includes four loans, which are seven-year fixed-rate Freddie Mac mortgages with 35-year amortization periods.
New York-based GAIA Real Estate and four institutional partners acquired the properties in 2016 for about $395 million.
Harbor Point is a luxury multifamily community that is part of a larger redevelopment in Stamford. It is located at 301 Commons Park South, 111 Towne St., 110 Towne St. and 120 Towne St.
The buildings include a mix of studio and one-, two- and three-bedroom apartments. In addition to tenant parking, pools, multiple lounges, a fitness center, gaming tables, the buildings offer waterfront views.
Cushman & Wakefield said its equity, debt and structured finance and Capital Markets teams — including John Alascio, Alex Hernandez, Alex Lapidus, Chris Meloni, Niko Nikolaou and Ryan Dowd — represented the borrower in the deal.
Greystone specializes in multifamily and healthcare finance, serving as an FHA, Fannie Mae and Freddie Mac lender.
Most Recent
Most Recent
0 Comments