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Local Voices

40 Lots Sold in Suffield for $1,550,000

On July 11 Krystal Woods Developers, LLC of Suffield, CT sold the 40 raw lots in the Suffield Chase subdivision to Suffield Chase, LLC of Torrington, CT. for $1,550,000. The entrance to the subdivision will be at 417 Bridge Street in Suffield, CT. The lots average about ½ acre in size.  Financing for this transaction was provided by People’s United Bank Commercial Lending Department in Waterbury, CT. Kevin Dolan, Senior Commercial Loan Officer & Senior Vice President of People’s United received the loan request on Wednesday July 2 and was able to get the loan closed and funded by July 11, 2014. The investment advisory firm of Goldberg, Yolles & Lepore, LLC of West Hartford, CT helped arrange the collateralization for the loan.  

T & M Building Co. Inc. of Torrington, CT has arranged with Suffield Chase, LLC to construct homes on the lots. This location fills in the gap giving T & M sites on the I-91 corridor from south of Hartford to the Massachusetts border. They include Cromwell Woods at Exit 21, South Windsor Woods at Exit 35, Windsor Estates at Exit 36 and Suffield Chase at Exit 47.  T & M has already taken out a building permit to construct a model home on lot 2 which is shown with a thick border on the attached map.


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