Newmark secures $115.6 million in Freddie Mac financing to refinance The Cove at Gateway Commons and Sound at Gateway Commons in East Lyme, Connecticut.
Newmark has successfully arranged $115.6 million in long-term, 10-year fixed-rate financing for a pair of apartment complexes in East Lyme, Connecticut. The capital, sourced through Freddie Mac, covers both The Cove at Gateway Commons and Sound at Gateway Commons.
Located near the intersection of Interstate 95 and Interstate 395, the properties provide connectivity to regional hubs including New Haven, Providence, and Boston. The Sound at Gateway Commons features a mix of garden-style studio to three-bedroom units, while The Cove at Gateway Commons offers one- to three-bedroom apartments and townhomes equipped with attached garages.
Daily emails covering the projects and news that match your service area, building types, and the project stages you bid on.
Free now — first 50 founding members lock in 30% off at launch.
Free. One click to unsubscribe. No tracking pixels.