Pacific Western Bank And Square Mile Capital Management Provide $181.9M Loan For 440 Hamilton Avenue In White Plains
440 Hamilton Avenue, White Plains, NY, USA
$181,910,000
$541/SF
Building Size
336,000 SF
Asset Type
Office
Closing
Aug 22, 2021
About this deal
AI
The property involved in this transaction is an office located at 440 Hamilton Avenue in White Plains. The asset is owned by Rose Associates, represented by Amy Rose. The loan for this transaction was provided by Pacific Western Bank, represented by Patrick Crandall, and Square Mile Capital Management, represented by Matt Drummond. The loan amount for this transaction is $181,910,000.
Summary of transation details
- Property Type: Office
- Transaction Amount: $181,910,000
- Address: 440 Hamilton Avenue
- Market: White Plains
- Lender: Pacific Western Bank - Patrick Crandall & Square Mile Capital Management - Matt Drummond
- Landlord: Rose Associates - Amy Rose
Amy Rose from Rose Associates represented the landlord in this deal, while Patrick Crandall from Pacific Western Bank and Matt Drummond from Square Mile Capital Management represented the lenders.
Players
City of White Plains Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93