3650 REIT has announced the origination of a $58 million loan to refinance Brookview Commons, a multifamily property in Danbury, Connecticut. The five-year loan was provided through 3650’s Stable Cash Flow investment platform and facilitated by John Harrington, Partner at HKS Real Estate Advisors.
Toby Cobb, 3650 REIT co-founder and managing partner stated: “We structured our platform to have the flexibility and consistency required to meet virtually any moment facing the market while continuing capital deployment. In today’s environment our relationship-based high touch approach is even more critical as we strive for creative financing solutions that meet borrower needs.” Brookview Commons consists of two interconnected buildings with 264 units close to full occupancy. The refinancing allows for continued success of this asset in Connecticut’s multifamily landscape.
