Affinius Capital & Bluewater Property Group Secures $68.75M Refinance Loan From Deka Bank
Patriot Way
$68,750,000
$127/SF
Building Size
540,490 SF
Asset Type
Industrial
Closing
May 13, 2025
AI
The property asset involved in the transaction is located at 32-34 Patriot Way, East Fishkill, NY. It is an industrial asset with a square footage of 540,490. The loan for this property was refinanced with an amount totaling $68,750,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $68,750,000
- Lender: Deka Bank
- Landlord: Affinius Capital & Bluewater Property Group
- Brokers: Gideon Gil, John Alascio, Alan Blank, Zach Kraft & Nick Pappas - Cushman & Wakefield
- Loan Type: Refinance
Key individuals and companies involved in the deal include the landlord Affinius Capital along with Bluewater Property Group, and the affiliated brokers from Cushman & Wakefield, who are Gideon Gil, John Alascio, Alan Blank, Zach Kraft, and Nick Pappas.
Players
Hopewell Junction Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93