Blackstone Real Estate Debt Strategies & Canyon Partners Close $269M Refinance For Hamilton Green
5 Cottage Place
$269,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 4, 2026
AI
The asset involved in the transaction is a multifamily property located at Hamilton Green - 5 & 25 Cottage Place in White Plains, comprising a total of 477 units. The transaction involves a loan amount of $269,000,000, structured as a refinance.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $269,000,000
- Market: White Plains
- Lender: Blackstone Real Estate Debt Strategies & Canyon Partners Real Estate
- Landlord: RXR & Korman Communities
- Brokers: Michael Gigliotti, Kellogg Gaines, and John Lowe - JLL
- Loan Type: Refinance
- Units: 477
The deal features key individuals including brokers Michael Gigliotti, Kellogg Gaines, and John Lowe from JLL, who represent the parties involved in the transaction. The property is supported by financing from notable lenders including Blackstone Real Estate Debt Strategies and Canyon Partners Real Estate.
Players
White Plains MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93