 |
| Mona Carlton |
NEW YORK, NY – JLL Capital Markets has arranged a $20.44 million refinancing for 510 Main Apartments, a 214-unit multi-housing community in East Haven, Connecticut.
JLL worked on behalf of the borrower, Beachwold
Residential LLC, to secure the 10-year, fixed-rate loan through Freddie Mac.
 |
| Amit Kakar |
510 Main Apartments comprise studio and one-bedroom
units ranging from 425 to 482 square feet.
Units
feature air conditioning, balcony/patio, dishwasher, walk-in closets and extra
storage. The community offers picnic area with barbeque, Wi-Fi resident lounge,
fitness center, coffee bar and package acceptance.
 |
| Elliott Throne |
As a result of the 510 Main Apartments being located directly off of Main Street, one of the major throughfares in East Haven, the property is directly across from Hobby Lobby, Big Lots, TJ Maxx & HomeGoods.
Additionally, the property is located approximately 1.5 miles west of the Trolley Square Shopping Center which is home to tenants such as: People’s United Bank, Stop & Shop, Subway, Supercuts, Koi Sushi and the United States Postal Service.
The JLL Capital Markets debt team that
represented the borrower was led by Senior Managing Directors Elliott
Throne, Mona Carlton, Vice President Alex Staikos and Director Amit
Kakar.
 |
| Alex Staikos |
“This refinance with Freddie Mac enables them
to capitalize on historically low interest rates and positions the property
well for continued success on a go-forward basis.”
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CONTACT:
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JLL
T +1 602 648 8701
M +1 408 318 8021
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