JLL Capital Markets arranges a $ 68 million home loan for Canfield Park, Fairfield Metro

Rendering of Canfield Park at Fairfield Metro – Bridgeport, CT

Bridgeport, CT JLL Capital Markets has a $ 68 million home loan.

JLL worked on behalf of the Borrowers, a joint partnership between Spinnaker Real Estate Partners, LLC and Eastpointe, LLC, to secure the loan through Sculptor Real Estate. Construction work on the property is scheduled to begin this fall and is expected to be completed in 2022.

The development consists of two medium-high five- and six-story residential buildings with studio, one and two-room units with an average of 850 b / w. In addition, the property offers over 20,000 m² of usable space and a multi-storey car park with 500 parking spaces for residents.

Canfield Park is directly across from the Fairfield Metro North Train Station on the Fairfield / Bridgeport line and less than half a mile from I-95, which provides local residents with access to public transportation. The property is also a five-minute walk from Black Rock’s shopping district, with its diverse selection of restaurants, bars and retail outlets.

The JLL Capital Markets team, representing the borrowers, was led by Senior Managing Director Christopher Peck, Senior Director Peter Rotchford, Vice President Kristen Knapp and Analyst Rob Root.

“This project will be very appealing to families transitioning to a more suburban lifestyle as well as empty nests shrinking from large single-family homes to modern rental properties,” said Rotchford. “Since the beginning of the COVID-19 crisis, the Bridgeport market has seen a large influx of New York City residents and this property is well positioned to benefit from the shift in tenant preferences.”

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