Updated Sep 11, 2026
Shelbourne Global Refinances Office Building In Greenwich, CT With $23.5M Loan At 6.25% Fixed Rate
777 West Putnam Avenue
$23,500,000
$174/SF
Building Size
134,500 SF
Asset Type
Office
Closing
Mar 24, 2023
About this deal
AI
The office property located at 777 West Putnam Avenue in Greenwich, CT has undergone a loan transaction. The property spans a total area of 134,500 square feet and is owned by Shelbourne Global.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $23,500,000
- Loan Type: Refinance
- Loan Terms: 5yr Fixed at 6.25%, Leasehold Interest, Partial IO, No Lender fee Or Prepay
The loan was facilitated by Adrian Edery of Paradigm Commercial Real Estate. He served as the broker representing the parties involved in the deal.
On the Map
$23,500,000
$174/SF
Office
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Players
Market 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93