search

The Real Deal Logo

Trending

Rent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealParkmerced's $1.8B debt heads to special servicingParkmerced's $1.8B debt heads to special servicing
Commercial
New York

CBRE gets $53.5M in refinancing for 2 Norwalk multifamily properties

Sign Up for the undefined Newsletter

Los Angeles-based Thorofare Capital has provided $53.5 million in senior debt to refinance a multifamily portfolio in Norwalk, the Daily Voice Plus reported. The portfolio includes Berkeley at Waypointe on West Avenue and the Quincy Lofts on Orchard Street, which house a total of 198 units. Affiliates of Alex Brown Realty and the Belpointe Companies developed the two properties back in 2016, according to DVP. The financing was arranged by CBRE’s debt and structured finance group in its New York office and will “be used to retire the original senior construction loan and provide future funding to cover costs associated with the lease-up of the retail space,” the outlet reported. [DVP]

Tags
Westchester & Fairfield