Brookview Commons in Danbury. Photo courtesy of CoStar Group Inc.

Nationwide commercial real estate lender 3650 REIT originated a $58 million loan to refinance Brookview Commons, a 264-unit multifamily property in Danbury.

Brookview Commons encompasses two five-story buildings connected by a pedestrian bridge. Brookview East, completed in 2007 and comprising 115 units, is located at 30-36 Crosby St.; and Brookview West, developed in 2022 and comprising 149 units, is located at 333 Main St. Both properties contain a mix of studio, one- and two-bedroom units, and the recently completed Brookview West offers a wide range of amenities.

The loan was originated from 3650’s Stable Cash Flow investment platform, carries a term of five years and was provided to BRT Cos. and The DiMarco Group. BRT Cos., a real estate investment firm specializing in rental housing serving the Greater Danbury area, and The DiMarco Group, a full-service real estate developer, collectively own and manage more than 3,350 apartment units throughout the Northeast.

The loan was arranged by John Harrington, partner at New York-based HKS Real Estate Advisors.