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50 Prospect Hill Rd, Brewst...

H.I.G. Realty Partners Secures $163.3M Loan In Brewster Industrial Deal
FINANCEDIndustrial

H.I.G. Realty Partners Secures $163.3M Loan In Brewster Industrial Deal

50 Prospect Hill Rd, Brewster, NY, 105...

$163,300,000

Building Size

Asset Type

Industrial

Closing

Dec 3, 2021

AI

The industrial property located at 50 Prospect Hill Rd, Brewster, NY, 105... was involved in a recent loan transaction. The loan amount for this property was $163,300,000.00. The borrower in this deal was H.I.G. Realty Partners, while the lender was heitman-capital-management-duplicate''>Heitman Capital Management. T. J. Sullivan from Cushman & Wakefield represented the borrower in this transaction.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $163,300,000.00
  • Market: Brewster
  • Borrower: H.I.G. Realty Partners
  • Lender: Heitman Capital Management
  • Borrower's Rep: T. J. Sullivan (Cushman & Wakefield)

The key individuals and companies involved in this loan transaction included H.I.G. Realty Partners as the borrower and Heitman Capital Management as the lender. T. J. Sullivan of Cushman & Wakefield served as the borrower's representative in this deal.

Players

T. J. Sullivan

Cushman & Wakefield

Broker

$454.2M

vol

4 deals

Broker
Heitman
HeitmanLender

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

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93