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Rose Associates Secures $213 Million Construction Loan For 468-Unit Multifamily Development In White Plains

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FINANCED
$213,000,000
Christopher (Chris) Kramer
Joshua King
+ 5

New York

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MultiFamily392,164 SF
Financed 03/24/2025
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Property Image
FINANCED

Rose Associates Secures $213 Million Construction Loan For 468-Unit Multifamily Development In White Plains

440 Hamilton Avenue

See Similar Deals
MultiFamily392,164 SF
Financed 03/24/2025
Christopher (Chris) Kramer
Joshua King
+ 5
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$543
Total Square Footage:392,164 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily asset located at 440 Hamilton Avenue in White Plains. It encompasses 392,164 square feet and consists of 468 units. The total loan amount for this construction project is $213,000,000, facilitated by ARES and Artemis Realty Capital, with Rose Associates acting as the landlord.

Summary of transaction details:

The transaction features a collaboration of several brokers, including Adam Doneger and Christopher Kramer, who played a pivotal role in facilitating the loan. Other brokers involved include Adam Spies, Jordan Roeschlaub, Joshua King, Michael Collins, Chris Lozinak, and Gene Pride, all representing Newmark in this deal.

Players

Adam Doneger
190 deals$50.2B volume(516) 317-7837
BROKER

Gene Pride
Newmark
22 deals$1.6B volume
BROKER

Gene Pride
Newmark
22 deals$1.6B volume
BROKER

Adam Spies
Newmark
263 deals$71.8B volume(212) 841-7500
BROKER

Joshua King
Newmark
115 deals$32.8B volume(212) 850-5427
BROKER

Christopher (Chris) Kramer
Newmark
112 deals$21.8B volume(212) 850-5472
BROKER

Michael (Mike) Collins
Newmark
22 deals$4.9B volume
BROKER

Jordan (Jordy) Roeschlaub
Newmark
322 deals$96.3B volume
BROKER

Chris Lozinak
Newmark
10 deals$2.6B volume
BROKER

Chris Lozinak
Newmark
10 deals$2.6B volume
BROKER

CBRE
BROKERAGE



Details

FINANCED
IMAGE: Adam Doneger, Christopher Kramer, Adam Spies, Gene Pride, Jordan Roeschlaub, Joshua King, Michael Collins & Chris Lozinak DATE: 03/24/2025 ADDRESS: 440 Hamilton Avenue MARKET: White Plains ASSET TYPE: Multifamily ~ SF: 392,164 ~ UNITS: 468 LENDER: ARES & Artemis Realty Capital LANDLORD: Rose Associates BROKERS: Adam Doneger (@ADoneger), Christopher Kramer, Adam Spies, Jordan Roeschlaub (@JordyRoeschlaub), Joshua King, Michael Collins, Chris Lozinak & Gene Pride - Newmark (@Newmark) LOAN AMOUNT: $213,000,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$213,000,000.00

Monthly NOI$1,420,000.00
Monthly Debt Service$1,346,304.89
Change in Cash Flow$0.00
Refinance Proceeds$0.00