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201 Pugsley Road

Lincoln Equities Group Secures $106 Million Bridge Loan For Industrial Asset In Brewster New York
FINANCEDIndustrial

Lincoln Equities Group Secures $106 Million Bridge Loan For Industrial Asset In Brewster New York

201 Pugsley Road

$106,000,000

$171/SF

Building Size

618,048 SF

Asset Type

Industrial

Closing

Dec 11, 2025

AI

The property asset involved is an industrial real estate located at 201 Pugsley Road - Building B in Brewster, New York. This asset has a reported size of 618,048 square feet and is part of the Interstate Crossings market. The transaction includes a bridge loan amounting to $106,000,000.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $106,000,000
  • Loan Type: Bridge
  • Lender: Affiliates of Apollo Global Management & CenterSquare Investment Management
  • Landlord: Lincoln Equities Group - Lance Bergstein
  • Brokers: Peter Rotchford & Christopher Pratt - JLL

The key individuals and companies involved in this transaction include Lance Bergstein representing Lincoln Equities Group, and brokers Peter Rotchford and Christopher Pratt from JLL, who facilitated the deal.

Players

Peter Rotchford

JLL

Broker

$8.9B

vol

63 deals

Broker
JLL
JLLBrokerage
CenterSquare Investment Management
CenterSquare Investment ManagementLender

Brewster 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

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93