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.
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