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Matthew B. Whalen Of Cord Meyer Development Company Secures $29.9 Million Loan For Multifamily Project In White Plains
FINANCED
$29,900,000
New York
See Similar DealsMultiFamily
Financed 10/15/2025
FINANCED
Matthew B. Whalen Of Cord Meyer Development Company Secures $29.9 Million Loan For Multifamily Project In White Plains
70 Westchester Avenue
See Similar DealsMultiFamily
Financed 10/15/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in the transaction is a multifamily property located at 70 Westchester Avenue in White Plains, New York, comprising 203 units. The transaction was supported by a mezzanine loan amounting to $29,900,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $29,900,000
- Lender: Siguler Guff & Company
- Landlord: Matthew B. Whalen - Cord Meyer Development Company
- Loan Type: Mezzanine
Siguler Guff completed this transaction to facilitate the construction of a luxury apartment project specifically designed for 203 units. The involvement of Matthew B. Whalen indicates his representation as the landlord through Cord Meyer Development Company.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$29,900,000.00
Monthly NOI$199,333.33
Monthly Debt Service$188,988.34
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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