Waterton Nabs $82M Capital One Refi for Connecticut Multifamily Property
Meridian Capital Group has negotiated $81.9 million in agency financing to refinance Waterton’s 75 Tresser multifamily property in Stamford, Conn., Commercial Observer can first report.
Michael Maidhof, a senior vice president at Capital One Multifamily Finance, originated the loan.
The property, located at 75 Tresser Boulevard in Stamford, is a five-story, 344-unit apartment building with ground-floor retail spaces. Building amenities include a lounge area, a conference room, a surround sound theater, a fitness center, a swimming pool and a yoga studio. The property also includes a 448-space parking garage.
“Waterton purchased 75 Tresser in August of 2014 from developers, Greenfield Partners and Post Road Residential while the property was still in lease-up,” Hirsch said, in prepared remarks. “Because of the client’s successful track record and Meridian’s long-term relationship with the lender, we were able to negotiate favorable terms.”
An active agency lender, last month Capital One Multifamily Finance provided $29 million in agency financing to refinance the Creekstone Apartments multifamily property in Nashville, Tenn., also arranged by Meridian.