facebook
Traded Co logo
Submit
Daily limit: 0/10

JLL Arranges $17.5M Refinancing For 2 & 4 Westchester Park Drive In White Plains

Property Image
FINANCED
$17,500,000

New York

See Similar Deals
Medical Office218,372 SF
Financed 06/27/2023
the dealplayerscompscontact
Property Image
FINANCED

JLL Arranges $17.5M Refinancing For 2 & 4 Westchester Park Drive In White Plains

2 Westchester Park Dr West Harrison, NY 10604, USA

See Similar Deals
Medical Office218,372 SF
Financed 06/27/2023
Contact now

Summary

NEW YORK
Asset Type:Medical Office
Price Per Square Foot:$80
Total Square Footage:218,372 SF
Transaction Type:Loan

Two office and medical office buildings located at 2 and 4 Westchester Park Drive in White Plains, New York have successfully secured a $17.5 million refinancing deal. The properties have a combined square footage of 218,372 and are owned by Northpath Investments. The loan was obtained through Centreville Bank, with a five-year fixed-rate term.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $17,500,000
  • Address: 2 & 4 Westchester Park Drive
  • Market: White Plains
  • Lender: Centreville Bank
  • Landlord: Northpath Investments

The refinancing deal was successfully facilitated by JLL Capital Markets, with Michael Klein, Max Custer, and Benjamin Morgenthal from JLL representing the borrower. JLL played a crucial role in arranging the loan on behalf of Northpath Investments, ensuring a five-year fixed-rate term that met their financial requirements.

Please note that this transaction involved the refinancing of two office and medical office buildings in White Plains, New York. The $17.5 million loan was secured through Centreville Bank, and Michael Klein, Max Custer, and Benjamin Morgenthal from JLL were instrumental in facilitating the deal on behalf of Northpath Investments.

Players

Michael Klein
77 deals$2.6B volume(973) 549-2005
BROKER

Max Custer
JLL
36 deals$790M volume
BROKER

Benjamin Morgenthal
JLL
5 deals$144.4M volume
BROKER

Northpath Investments
LANDLORD

Details

FINANCED
IMAGE: Michael Klein, Benjamin Morgenthal & Max Custer DATE: 06/27/2023 ADDRESS: 2 & 4 Westchester Park Drive MARKET: White Plains ASSET TYPE: Medical Office ~ SF: 218,372 LENDER: Centreville Bank LANDLORD: Northpath Investments BROKERS: Michael Klein, Max Custer (@GeneralCusta) & Benjamin Morgenthal - JLL LOAN AMOUNT: $17,500,000 LOAN TYPE: Refinance LOAN TERMS: Five-year, fixed-rate loan NOTE: JLL Capital Markets has successfully arranged a $17.5 million refinancing deal for 2 and 4 Westchester Park Drive, two office and medical office buildings in White Plains, New York. The five-year, fixed-rate loan was secured through Centreville Bank on behalf of the borrower, Northpath Investments.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$17,500,000.00

Monthly NOI$116,666.67
Monthly Debt Service$110,611.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00