NEW YORK CITY– Meridian Capital Group has arranged $58 million in CMBS financing for the refinancing of the Townhouse Apartments, a multifamily property located in Stamford, CT.
The 10-year CMBS loan features a competitive fixed rate of 4.31% and full-term interest-only payments. The transaction was negotiated by Meridian managing director Carol Shelby who is based in the company's headquarters here.
Townhouse Apartments is comprised of an eight-story building, located at 65 Prospect St., and a 12-story building, located at 77 Prospect St. in Downtown Stamford. The property totals 270 residential units and 246 garaged parking spaces.
Townhouse Apartments features finished basements and elevators, as well as newly renovated apartment interiors and fitness centers. Tenants have direct access to mass transit, including Stamford Transportation Railroad Center, the Stamford Connecticut Bus Station and routes to all major New York City airports. The properties are within walking distance of a variety of restaurants, shops and attractions, including the Atrium's Asian Water Garden and the Scalzi Park.
“Townhouse Apartments has become a desirable residential property, due to its updated features and convenient location,” explains Shelby. “Lenders recognized the value of this well-located property and Meridian negotiated favorable terms, with a competitive fixed rate, in an exceptionally short time-frame of three weeks.”
The 10-year CMBS loan features a competitive fixed rate of 4.31% and full-term interest-only payments. The transaction was negotiated by Meridian managing director Carol Shelby who is based in the company's headquarters here.
Townhouse Apartments is comprised of an eight-story building, located at 65 Prospect St., and a 12-story building, located at 77 Prospect St. in Downtown Stamford. The property totals 270 residential units and 246 garaged parking spaces.
Townhouse Apartments features finished basements and elevators, as well as newly renovated apartment interiors and fitness centers. Tenants have direct access to mass transit, including Stamford Transportation Railroad Center, the Stamford Connecticut Bus Station and routes to all major
“Townhouse Apartments has become a desirable residential property, due to its updated features and convenient location,” explains Shelby. “Lenders recognized the value of this well-located property and Meridian negotiated favorable terms, with a competitive fixed rate, in an exceptionally short time-frame of three weeks.”
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