Essencap successfully closed a $5,100,000 commercial real estate refinancing loan. The subject is a 88,000-square foot, three-story, suburban office and retail building located in Glastonbury, Connecticut. The improvements were constructed in 1973, renovated in 2017 and are situated on a 4.22-acre site.
We are pleased to announce that Essencap successfully arranged a commercial real estate loan. The loan assists our client to refinance a bridge loan into a low rate stabilized real estate loan. We are honored to represent our client with this architectural gem. The building was rewarded with AIA Design Award, Honorable Mention, Connecticut Chapter.