Preferred Equity

176 Addison Road

176 Addison Road
Windsor, CT
605,000 SF of Office Space

Principals of Schelin Uldricks & Co. recapitalized a of former Tenant-in-Common transaction with $10MM of preferred equity along with a $32MM bridge loan. The transaction included a discounted payoff of the former mortgage and a lease up of approximately 30% of space within the property.