Webster Bank Provides $76 Million Construction Loan To Fieldstone Capital & Aegis Asset Management
2 Wall Street
$76,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Dec 22, 2025
AI
The property asset involved in this transaction is a mixed-use building located at 2 Wall Street in the Financial District. The transaction includes a construction loan with a total amount of $76,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $76,000,000
- Lender: Webster Bank
- Landlord: Fieldstone Capital & Aegis Asset Management
- Landlord's Representatives: Dave Carswell & Jack Phillips - Largo Real Estate Advisors & Lee & Associates
- Loan Type: Construction
Key individuals and companies behind this transaction include the landlord representatives, Dave Carswell and Jack Phillips, who are associated with Largo Real Estate Advisors and Lee & Associates. Their representation plays a crucial role in facilitating the agreement between the involved parties.
Players
New York 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93