A joint venture between Trinity Financial and Berkshire Group have secured a $51.3 million construction loan for the development of Park Square West Phase IV Apartments in Stamford, Connecticut. Located at 1011 Washington Boulevard, the 209-unit, luxury high-rise apartment building will feature amenities including a roof deck lounge with fire pits, private indoor catering area, residents lounge, children’s playroom and a pet wash. CBRE Capital Markets’ Debt & Structured Finance team arranged the loan through Citizens Bank. The development is Trinity’s second project in Stamford after its completion of 66 Summer Street.
“This was a complicated transaction involving many moving parts,” said Mark Fisher, Senior Vice President, CBRE Capital Markets. “We believe location is the building’s biggest amenity. You are literally within walking distance of everything.”
