Updated Jan 22, 2026
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
About this deal
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.
On the Map
$106,000,000
$171/SF
Industrial
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Players
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