$47MM Multifamily Property Recapitalization|Fairfield, CT

Restructured and upsized a multi-tier capital stack to retire existing investor base.     

Challenges

Sponsor desired to hold the newly built apartment building while it continued its master-planned, transit-oriented development of this new city near the Fairfield Metro train station. An LP investor with a restricted hold period required pay-off. Though well-leased, cash flows had not reached full stabilization because some retail tenants were not yet in occupancy and free rent periods were still burning off.

Aruyel Nurbekova

JUNIOR ANALYST

Email

anurbekova@eyzenberg.com

D: (305) 995-0777

Alexei Muniak

ORIGINATOR

Email

amuniak@eyzenberg.com

D: (305) 995-0777 ext. 309
C: (917) 536-1057