Kozlowski of Newmark Capital Markets secures $115.6m financing for two properties

East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.

“We were pleased to help our client secure 10-year fixed-rate financing that supports their long-term objectives, and we appreciate the trust they placed in Newmark to execute on their behalf,” said Kozlowski.

Located along Connecticut’s southeastern shoreline, The Cove at Gateway Commons and Sound at Gateway Commons offer residents access to the region’s coastal amenities, employment centers and transportation infrastructure. The properties are situated near I-95 and I-395, providing connectivity throughout Connecticut and to major regional markets including New Haven, Providence and Boston. Residents also benefit from proximity to area beaches, retail destinations, dining and outdoor recreation.

The communities feature a range of lifestyle-oriented amenities designed to support modern suburban living. Sound at Gateway Commons offers garden-style studio- to three-bedroom apartments, while The Cove at Gateway Commons consists of one-, two- and three-bedroom apartments and townhomes with attached garages and larger-format layouts.