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28 Wells Avenue

Updated Sep 2, 2026

Lynne Ward And Robert Halmi Secure $435 Million Refinancing For Hollywood On The Hudson In Yonkers
FINANCEDCommercial

Lynne Ward And Robert Halmi Secure $435 Million Refinancing For Hollywood On The Hudson In Yonkers

28 Wells Avenue, 29 Wells Avenue, 104–108 Warburton Ave, 104 Warburton Avenue, 108 Warburton Avenue, 1050 North Broadway & 130 Fernbrook Street

$435,000,000

Building Size

—

Asset Type

Commercial

Closing

Sep 2, 2026

About this deal

AI

A partnership between National Resources, Great Point Studios Operations, and Lindsay Goldberg secured a refinance of a commercial property involving Hollywood on the Hudson, which consists of a 719,943-square-foot film and TV studio portfolio located at 28-29 Wells Avenue, 104-108 Warburton Avenue, 1050 North Broadway, and 130 Fernbrook Street in Yonkers, N.Y.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $435,000,000
  • Lender: Bank of Montreal, Starwood Mortgage Capital & Bank of America
  • Landlord: Lynne Ward - National Resources, Robert Halmi - Great Point Studios Operations & Lindsay Goldberg
  • Loan Type: Refinance

This refinancing transaction was a collaboration among key players in the industry, including Lynne Ward representing National Resources, Robert Halmi associated with Great Point Studios Operations, and Lindsay Goldberg contributing to the partnership's effort in securing such a substantial loan amount for the studio portfolio.

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$435,000,000

Commercial

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Players

Great Point Studios Operations
Great Point Studios OperationsBuyer
Bank of America
Bank of AmericaLender
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Avenue Commercial Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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