Rechler Equity Partners Secures $120 Million Acquisition Loan From AllianceBernstein In Westhampton Beach
FINANCED
$120,000,000
New York
See Similar DealsIndustrial385,002 SF
Financed 06/30/2025
FINANCED
Rechler Equity Partners Secures $120 Million Acquisition Loan From AllianceBernstein In Westhampton Beach
200 Roger's Way
See Similar DealsIndustrial385,002 SF
Financed 06/30/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$311
Total Square Footage:385,002 SF
Transaction Type:Loan
The asset involved in this transaction is the Hampton Business District Portfolio, which includes addresses 200 Rogers Way, 215 Rogers Way, 220 Rogers Way, 230 Rogers Way, and 245 Rogers Way. This industrial property spans a total square footage of 385,002 in the Westhampton Beach market. The loan amount secured for this acquisition is $120,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $120,000,000
- Loan Type: Acquisition
- Lender: AllianceBernstein LP
- Landlord: Rechler Equity Partners
- Brokers: Peter Rotchford, Tyler Peck & Andrew Scandalios - JLL
This acquisition was facilitated by the notable involvement of AllianceBernstein LP as the lender, with Rechler Equity Partners serving as the landlord. The transaction was brokered by a team from JLL, consisting of Peter Rotchford, Tyler Peck, and Andrew Scandalios, highlighting the expertise behind the deal.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$120,000,000.00
Monthly NOI$800,000.00
Monthly Debt Service$758,481.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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