Eastern Union: Investor lands $55M loan for purchase of Westcott in Stamford

Eastern Union Funding arranged financing of $55.2 million for a private New Jersey-based investment group in support of their acquisition of The Wescott, a 261-unit Class-A apartment community located in Stamford, Connecticut. David Singer, senior vice president at Eastern Union Funding, arranged the seven-year loan through Greystone at an interest rate of 3.564 percent. The [...]The post Investor lands $55M loan for purchase of Westcott in Stamford appeared first on Real Estate Weekly.