Webster Bank Provides $180M Construction Loan For Office Building At 101 College Street In New Haven, CT
FINANCED
$180,000,000
+ 1
Connecticut
See Similar DealsOffice525,000 SF
Financed
FINANCED
Webster Bank Provides $180M Construction Loan For Office Building At 101 College Street In New Haven, CT
101 College Street, New Haven, CT, USA
See Similar DealsOffice525,000 SF
Financed
+ 1
Summary
CONNECTICUT
Asset Type:Office
Price Per Square Foot:$342
Total Square Footage:525000 SF
Transaction Type:Loan
Located at 101 College Street in New Haven, CT, this transaction involves an office property spanning 525,000 square feet. The asset, an office building, is owned by Harrison Street and Winstanley Enterprises.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $180,000,000
- Date: 07/09/2021
- Market: New Haven, CT
- Landlord: Harrison Street & Winstanley Enterprises
- Lender: Webster Bank
- BROKERS: Heather Brown (CBRE), Robert Borden (CBRE), Grace Keating (CBRE)
CBRE brokers Heather Brown, Robert Borden, and Grace Keating represented the parties involved in this deal. The loan, provided by Webster Bank, amounts to $180,000,000 and is classified as a construction loan.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$180,000,000.00
Monthly NOI$1,200,000.00
Monthly Debt Service$1,137,722.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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