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

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FINANCED
$163,300,000

New York

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Industrial
Financed 12/03/2021
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Property Image
FINANCED

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

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

See Similar Deals
Industrial
Financed 12/03/2021
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Summary

NEW YORK
Asset Type:Industrial
Transaction Type:Loan

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
4 deals$454.2M volume(212) 841-7977
BROKER

Heitman
LENDER


Details

FINANCED
IMAGE: 12/03/2021 ADDRESS: 50 Prospect Hill Rd, Brewster, NY, 105... MARKET: Brewster ASSET TYPE: Industrial BORROWER'S REP: T. J. Sullivan(Cushman & Wakefield) BORROWER: H.I.G. Realty Partners LENDER: Heitman Capital Management LOAN AMOUNT: $163,300,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$163,300,000.00

Monthly NOI$1,088,666.67
Monthly Debt Service$1,032,167.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00