2007 Transactions
Tremont Structures $3,000,000 Financing for Connecticut Bank Portfolio
The Hartford office of Tremont Realty Capital arranged financing for the refinance of a portfolio of bank buildings located in various locations in Connecticut.
Stephen Henderson, a Senior Director with Tremont, arranged the $3,000,000 loan, which was funded through a regional bank. The 10-year, non-recourse loan provided for roughly 75% loan-to-value, with a competitive interest rate. The properties were 100% occupied at the time of closing. Major tenants included local and national banks. According to Henderson, “The borrower was looking for flexibility within the transaction and we were able to obtain the provisions they needed with this loan structure.” The borrower has used Tremont many times over the years due to our ability to provide multiple options on each occasion.
For additional information on this transaction,
please contact:
Stephen Henderson
Senior Director
Email: shenderson@tremontcapital.com
Phone: 860.548.9289
