NKF Capital Markets arranged a $19.5 million loan on behalf of CS Acquisitions Group for the acquisition of Cove West Hartford, a 200-unit apartment community in West Hartford, Connecticut.
The NKF Capital Markets team also assisted in sourcing the equity investor. The team was led by NKF Capital Markets Vice Chairmen and Co-Heads, Debt & Structured Finance Dustin Stolly and Jordan Roeschlaub, along with Senior Managing Director Daniel Fromm.
The six-building complex is situated just 2.5 miles from Downtown Hartford and is poised to benefit from this repositioning effort that will upgrade every apartment and reimagine its 12,000 square foot clubhouse to provide sought-after amenities and unlock further revenue potential.
“This property is a great addition to CS Acquisition’s portfolio. It is centrally located, providing a significant nexus for residents to local major retail centers and universities,” said Fromm. “We look forward to seeing this asset continue to add to the transformation of Downtown Hartford.”