Post Road Group Provides $36 Million Construction Loan For 200,000 SF Industrial Asset In Brewster
FINANCED
New York
See Similar DealsIndustrial200,000 SF
Financed 01/29/2026
FINANCED
Post Road Group Provides $36 Million Construction Loan For 200,000 SF Industrial Asset In Brewster
151 Fields Lane
See Similar DealsIndustrial200,000 SF
Financed 01/29/2026
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$180
Total Square Footage:200,000 SF
Transaction Type:Loan
The asset involved in this transaction is an industrial property located at 151 Fields Lane in Brewster, spanning 200,000 square feet. The construction loan for this asset amounts to $36,000,000, facilitated by Post Road Group.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $36,000,000
- Address: 151 Fields Lane
- Market: Brewster
- Lender: Post Road Group
- Landlords: Azi Mandel & Adam Mermelstein - Treetop; Daniel Spiegel & Yehuda Kotkes - KS Group
- Brokers: Shlomo Weissberg, Judah Hammer, Shawn Rosenthal & Jason Gaccione - CBRE
- Loan Type: Construction
CBRE's Private Client Group, led by Judah Hammer, Shamir Seidman, and Shlomo Weissberg, played a crucial role in facilitating the origination of the construction financing for this transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$36,000,000.00
Monthly NOI$240,000.00
Monthly Debt Service$227,544.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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