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Distressed Land Loan - Note Purchase
North Haven, CT
Acquisition of a distressed land loan collateralized by 6.6 acres at a significant discount to the outstanding loan balance. After working through the deed-in-lieu and bankruptcy process, we took ownership of the site at a very favorable basis.
The property offers exceptional visibility, strong demographics, and traffic counts of 19K–20K cars per day, with convenient
access to I-91. The property is also located directly contiguous to our recently completed 7 eleven development, a logical
extension to our growing retail development footprint in this submarket
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