Granite Point Mortgage Trust Provides $46.4M Loan For Office Property In Greenwich, CT
1700 East Putnam Avenue, Greenwich, Old Greenwich, CT, USA
$46,400,000
$248/SF
Building Size
186,725 SF
Asset Type
Office
Closing
Jul 20, 2021
AI
The property involved in this closed transaction is an office located at 1700 East Putnam in Greenwich, CT. The loan amount for this transaction was $46,400,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $46,400,000
- Market: Greenwich, CT
- Lender: Granite Point Mortgage Trust - Peter Moral & Peter Jolicoeur
- Landlord: Crown Acquisitions - Toby Yedid
- Brokers: Eliott Zeitoune, Kelly Gaines & Madison Warwick - JLL
The loan for this transaction was provided by Granite Point Mortgage Trust, represented by Peter Moral and Peter Jolicoeur. The landlord for the property is Crown Acquisitions, represented by Toby Yedid. The brokers involved in the deal are Eliott Zeitoune, Kelly Gaines, and Madison Warwick from JLL.
Players
Old Greenwich Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93