Walker & Dunlop Inc. Arranges $160M Bridge Loan For Yonkers Mixed-Use Property
45 Main St, Yonkers, NY, USA
$160,000,000
$457/SF
Building Size
350,000 SF
Asset Type
Mixed-use
Closing
Nov 26, 2021
About this deal
AI
Located at 45 Main St in Yonkers, this mixed-use property recently closed in a transaction. The property comprises 438 units, making it a significant asset in the market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $160,000,000
- Address: 45 Main St
- Market: Yonkers
- Units: 438
The loan for this transaction was secured through Mesa West Capital. The bridge loan, amounting to $160,000,000, has non-recourse and floating rate terms for a period of five years.
The landlord of this property is @RXR_Realty. The deal was facilitated by brokers Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Michael Ianno, and Sean Bastian from Walker & Dunlop Inc.
Players
City of Yonkers 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93