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360 Huguenot Street, New Ro...

JLL Capital Markets Facilitates $105M Refinance Loan For Mixed-Use Property In New Rochelle
FINANCEDMixed-use

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

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

Michael Gigliotti

JLL

Broker

$3.7B

vol

19 deals

Broker
RXR Realty
RXR RealtyBrokerage
RXR Realty
RXR RealtyLender
RXR Realty
RXR RealtyLandlord

City of New Rochelle Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

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