Updated Jul 2, 2026
FINANCEDIndustrial
V20 Group Secures $40 Million Refinance Loan From Webster Bank For West Avenue Industrial Park
West Avenue
$40,000,000
$182/SF
Building Size
218,702 SF
Asset Type
Industrial
Closing
Jun 14, 2026
About this deal
AI
The property asset involved in this transaction is located at West Avenue Industrial Park, specifically at 421-600 West Avenue in Stamford, CT. The industrial asset encompasses a total square footage of 218,702 and is part of the local industrial market. A loan amount of $40,000,000 has been secured through refinancing.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $40,000,000
- Address: 421-600 West Avenue
- Market: Stamford, CT
- Lender: Webster Bank
- Landlord: V20 Group
- Brokers: Robert Tonnessen & Kellogg Gaines - JLL
- Loan Type: Refinance
Key individuals involved in this transaction include Robert Tonnessen and Kellogg Gaines, representing JLL. They played a crucial role in facilitating this refinancing deal for the landlord, V20 Group, ensuring that the financial requirements were met with Webster Bank as the lender.
Players
Brooklyn 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93