CRDA Ratifies Payment to 55 Elm Street LLC
Capital Region Development AuthorityPublic Authority · Hartford, CT- Disclosed value
- $253,030.49 payment; underlying financial assistance principal amount of $7,000,000.00
- From minutes
- Document date
- Oct 15, 2026
The 30-second brief
CRDA ratified and authorized a $253,030.49 payment to 55 Elm Street, LLC under a $7 million term loan supporting the conversion and renovation of approximately 160 residential units and 20,000 square feet of commercial space. The Board approved the payment after reviewing delayed advancement documentation.
55 Elm Street LLC holds this financial services contract with Capital Region Development Authority.
Term as filed: Promissory Note and Term Loan Agreement dated December 15, 2022; final advancement date was December 15, 2025.
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Contract details
- Contract type
- Financial Services
- Amount
- $253,030.49 payment; underlying financial assistance principal amount of $7,000,000.00
- Document date
- October 15, 2026
- Term
- Promissory Note and Term Loan Agreement dated December 15, 2022; final advancement date was December 15, 2025
- Vendor
- 55 Elm Street LLC
- Source document
- Capital Region Development Authority Minutes Board Meeting October 15, 2026 (Minutes)
55 Elm Street LLC's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Capital Region Development Authority?
55 Elm Street LLC was awarded this financial services contract by Capital Region Development Authority, as recorded on October 15, 2026. The contract value is $253,030.49 payment; underlying financial assistance principal amount of $7,000,000.00.
How much is the 55 Elm Street LLC contract with Capital Region Development Authority worth?
The 55 Elm Street LLC contract with Capital Region Development Authority is valued at $253,030.49 payment; underlying financial assistance principal amount of $7,000,000.00, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Capital Region Development Authority Minutes Board Meeting October 15, 2026 (Minutes), dated October 15, 2026 from Capital Region Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does 55 Elm Street LLC hold?
55 Elm Street LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Capital Region Development Authority currently buying?
Explore Capital Region Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.