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
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