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1337 Saw Mill River Road, H...

Bank Of America Refinances Special Purpose Property In Hastings-on-Hudson For $170M
FINANCED

Bank Of America Refinances Special Purpose Property In Hastings-on-Hudson For $170M

1337 Saw Mill River Road, Hastings-on-Hudson, New York 10706, United States

$170,000,000

$94/SF

Building Size

1,800,000 SF

Asset Type

Closing

Sep 19, 2022

AI

A special purpose property located at 1337 Saw Mill River Rd. in Hastings-on-Hudson has recently undergone a loan refinancing transaction. The property consists of approximately 1,800,000 square feet and is owned by Merit Hill Capital and Centerbridge Partners. The loan was provided by Bank of America, with Brian Moynihan representing the lender's side.

Summary of transaction details

  • Property Type: Special Purpose
  • Transaction Amount: $170,000,000
  • Address: 1337 Saw Mill River Rd.
  • Market: Hastings-on-Hudson

Assisting in this deal were brokers Jordan Roeschlaub, Dustin Stolly, Nick Scribani, and Aaron Swerdlin from Newmark. They played a crucial role in facilitating the loan refinancing process, ensuring a successful transaction for all parties involved.

Players

Dustin Stolly

Walker & Dunlop

Broker

$49.4B

vol

267 deals

Broker
Bank of America
Bank of AmericaLender

Hastings On Hudson CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93