JLL Capital Markets Facilitates $105M Refinance Loan For Mixed-Use Property In New Rochelle
360 Huguenot Street, New Rochelle, New York 10801, United States
$105,000,000
$113/SF
Building Size
928,900 SF
Asset Type
Mixed-use
Closing
Jun 5, 2022
AI
360 Huguenot Street in New Rochelle has undergone a significant transaction. The mixed-use property, consisting of 280 units, has been the subject of a refinancing loan.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $105,000,000
- Address: 360 Huguenot Street, New Rochelle
- Market: New Rochelle
- Lender: Rialto Capital Management
- Landlord: RXR Realty
- Brokers: Mike Tepedino, Michael Gigliotti, Kelly Gaines, Jillian Mariutti, Phil Cadorette, and Joy Dracos - JLL Capital Markets
This refinancing deal was facilitated by Rialto Capital Management, providing a loan of $105,000,000. The property's landlord, RXR Realty, oversaw the transaction. The brokers involved in the deal were Mike Tepedino, Michael Gigliotti, Kelly Gaines, Jillian Mariutti, Phil Cadorette, and Joy Dracos from JLL Capital Markets.
Players
City of New Rochelle Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93