Bridge Loan

Schelin Downes & Co

Addison Corporate Center
Windsor, CT
605,000 SF of Office Space

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

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