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2 Wall Street

Webster Bank Provides $76 Million Construction Loan To Fieldstone Capital & Aegis Asset Management
FINANCEDMixed-use

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

Dave Carswell

Broker

$56.7M

vol

3 deals

Broker
Webster Bank
Webster BankLender

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