Column Financial, Inc.
Column Financial, Inc. announced its Connecticut Connecticut, state, United States
Connecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W). office has
financed a 63-unit Multifamily project in Waterbury Waterbury, industrial city (1990 pop. 108,961), New Haven co., W Conn., on the Naugatuck River; settled 1674, inc. as a city 1853. The city, once famous for its brass industry, is a financial and commercial center of W Connecticut. for $1,000,000. The
property, Wyncrest Manor, was built in 1986. The financing was
structured as a 10-year term, 30-year amortization, with a fixed-rate of
8.20%, 71% LTV LTV
See: Loan-to-value ratio , and a 1.20x. The class CC Multifamily asset currently
enjoys a 87% occupancy.
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