Updated Apr 1, 2026
Monday Properties And KPR Centers Secure $19.5M Refinance Loan From Webster Bank For Industrial Facility
1 Half Moon Bay Drive
$19,500,000
Building Size
—
Asset Type
Industrial
Closing
Apr 1, 2026
About this deal
AI
An industrial facility located at 1 Half Moon Bay Drive, Croton-on-Hudson, is involved in a refinancing transaction. The asset encompasses a total area of 118,911 square feet and has secured a loan amounting to $19,500,000. The lending institution facilitating this refinancing is Webster Bank.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $19,500,000
- Lender: Webster Bank
- Landlord: Anthony Westreich - Monday Properties & KPR Centers
- Broker: Jillian Mariutti - JLL
- Loan Type: Refinance
This refinancing was organized by JLL Capital Markets, specifically supporting Monday Properties and KPR Centers in their transaction with Webster Bank.
On the Map
$19,500,000
Industrial
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Players
Croton On Hudson Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93