CHFA Extends And Modifies Cherry Street Lofts Loans | Connecticut Department of Housing | RAILROAD AVENUE LOFTS LLC

Scope & details

The full contract record, as filed.

Contract amount

$22,500,000 construction loan; $12,500,000 permanent loan; $5,000,000 FAF loan

Contract type

CONSTRUCTION

Contract term

Construction loan maturity extended to December 1, 2021; Permanent loan interest-only period extended to November 30, 2021

Renewal date

2021-12-01

Renewal

Extended construction loan maturity to 2021-12-01 and interest-only period for the permanent loan to 2021-11-30; resolution becomes void if modifications are not closed by 2021-09-01 absent an extension granted with applicable fees.

Document type

Minutes

Source document

connecticut-housing-finance-authority-minutes-150m-mortgage-bonds-mobile-home-loan-housing-forbearance-nov-19-2020_723.pdf

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Connecticut Housing Finance Authority Minutes Board of Directors Meeting No. 644 2026-07-23

AMENDED

Connecticut Department of Housing, Connecticut$22,500,000 construction loan; $12,500,000 permanent loan; $5,000,000 FAF loan; at least $1,000,000 partial repayment/paydown requiredJul 23, 2026

ct-housing-finance-authority-board-minutes-bond-underwriters-cherry-street-lofts-oct-28-2021_106.pdf

AMENDED

Connecticut Department of Housing, Connecticut$22,500,000 construction mortgage loan; $12,500,000 permanent mortgage loan; $5,000,000 FAF mortgage loanOct 28, 2021

connecticut-housing-finance-authority-public-notice-october-15-2020_687.pdf

PENDING

Connecticut Department of Housing, Connecticut$44,700,000 (maximum principal amount of mortgage loans for development)Oct 15, 2020

connecticut-housing-finance-authority-board-minutes-november-21-2019_1d6.pdf

AMENDED

Connecticut Department of Housing, Connecticut$22,500,000 construction loan; $12,500,000 permanent loan; $733,125 transfer from working capital reserve to interest escrowNov 21, 2019

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Connecticut Department of Housing?

Railroad Avenue Lofts Llc was awarded this construction contract by Connecticut Department of Housing, as recorded on November 19, 2020. The contract value is $22,500,000 construction loan; $12,500,000 permanent loan; $5,000,000 FAF loan.

How much is the Railroad Avenue Lofts Llc contract with Connecticut Department of Housing worth?

The Railroad Avenue Lofts Llc contract with Connecticut Department of Housing is valued at $22,500,000 construction loan; $12,500,000 permanent loan; $5,000,000 FAF loan, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a minutes record.

Where was this contract approved?

This contract appears in connecticut-housing-finance-authority-minutes-150m-mortgage-bonds-mobile-home-loan-housing-forbearance-nov-19-2020_723.pdf (Minutes), dated November 19, 2020 from Connecticut Department of Housing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Railroad Avenue Lofts Llc hold?

Railroad Avenue Lofts 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.

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