Morgan Stanley Provides $24M Refinance Loan For White Plains Office Buildings
FINANCED
$24,000,000
New York
See Similar DealsOffice155,293 SF
Financed 07/09/2020
FINANCED
Morgan Stanley Provides $24M Refinance Loan For White Plains Office Buildings
235-245 Main Street, White Plains, NY, USA
See Similar DealsOffice155,293 SF
Financed 07/09/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$154
Total Square Footage:155,293 SF
Transaction Type:Loan
The property involved in the transaction is an office asset located at 235-245 Main Street in White Plains, NY. The property spans 160,000 square feet and is owned by Caspi Development. The deal, which took place on July 9, 2021, involved a loan refinancing.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $24,000,000
Morgan Stanley served as the lender for the transaction. The loan terms include a 10-year term with a fixed interest rate of 3.85%. The loan covers two office buildings and features full term interest-only payments. The brokers involved in the deal were Bryan Manz, Emil DePasquale, and George Pektor.
Players
LENDER
LANDLORD
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,000,000.00
Monthly NOI$160,000.00
Monthly Debt Service$151,696.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions