Cronheim Mortgage has secured $4MM in permanent financing for One Sasco Hill, an 18,775-square-foot mixed-use property strategically located in affluent Fairfield, CT. Brandon Szwalbenest, Dev Morris, and Andrew Stewart placed the financing with Southern Farm Bureau Life Insurance Company, whom Cronheim represents as correspondent and servicer. The 10-year loan featured a 120-day rate lock and a step-down prepayment structure.
Constructed in 2013, One Sasco Hill has emerged as an attractive destination for tenants who desire access to Fairfield’s Post Road, one of the primary retail arteries in the area with over 18,000 VPD and a strong consumer base. The Subject is 100% occupied and features six tenants including three medical offices, a local bank, a realtor, and a hair salon. The Property’s diversified tenant base including retail, office, and medical office users differentiates One Sasco Hill from many of its similarly sized peers in the submarket.
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