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Patriot Way

Affinius Capital & Bluewater Property Group Secures $68.75M Refinance Loan From Deka Bank
FINANCEDIndustrial

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

Alan Blank

Cushman & Wakefield

Broker

$1.3B

vol

13 deals

Broker
DI
Deka ImmobilienLender

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