The fully leased residential space is comprised of 32 units (32,240 sf), including twelve two-bedroom, two-bath units (1,070 sf); twelve two-bedroom, two bath units (970 sf); and eight two-bedroom, one-bath units (970 and 1,070 sf). The buildings, completed in 2000, feature colonial design.
Working on behalf of 670 Milford Realty LLC, senior director Tim Breda secured the ten-year, securitized, fixed rate loan with Nationwide Life's new securitized program. The Connecticut-based 670 Milford Realty LLC was formed for the acquisition of this property.
"We are very pleased to have been able to arrange a loan with terms and conditions that matched the borrower's needs and time frame to close on this purchase, says Breda. "The loan officers at Nationwide understood the real estate and market conditions then worked hard to make a smooth application, commitment and closing process."
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