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5 Cottage Place

Blackstone Real Estate Debt Strategies & Canyon Partners Close $269M Refinance For Hamilton Green
FINANCEDMultiFamily

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:

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

Kellogg Gaines

JLL

Broker

$2B

vol

9 deals

Broker
CE
Canyon Partners Real EstateLender
KC
Korman CommunitiesLandlord

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