Updated Nov 11, 2025
Sound Point Capital Provides $41.5M Loan For Office Property In Greenwich, CT
411 West Putnam Avenue
$41,500,000
$402/SF
Building Size
103,060 SF
Asset Type
Office
Closing
Oct 19, 2021
About this deal
AI
The office building located at 411 West Putnam Ave in Greenwich, CT has undergone a recent transaction. The property spans a total of 103,060 square feet and is classified as an office asset. The transaction date was on October 19, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $41,500,000
- Address: 411 West Putnam Ave, Greenwich, CT
- Market: Greenwich, CT
- Lender: Sound Point Capital - Stephen Ketchum
- Landlord: Acram Group
- Brokers: Cushman & Wakefield and Mission Capital Advisors
The loan amount for this transaction was $41,500,000. The lender involved in the deal was Sound Point Capital, represented by Stephen Ketchum. The landlord of the property is Acram Group. The brokers who facilitated the transaction were Cushman & Wakefield and Mission Capital Advisors.
Players
Greenwich Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93