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Pacific Western Bank And Square Mile Capital Management Provide $181.9M Loan For 440 Hamilton Avenue In White Plains

Property Image
FINANCED
$181,910,000

New York

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Office336,000 SF
Financed 08/23/2021
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Property Image
FINANCED

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

See Similar Deals
Office336,000 SF
Financed 08/23/2021
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$541
Total Square Footage:336,000 SF
Transaction Type:Loan

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

Square Mile Capital
Square Mile Capital
LENDER
Pacific Western Bank
Pacific Western Bank
LENDER
RA
Rose Associates
LANDLORD

Details

FINANCED
IMAGE: Amy Rose & Craig Solomon DATE: 08/23/2021 ADDRESS: 440 Hamilton Avenue MARKET: White Plains ASSET TYPE: Office LENDER: Pacific Western Bank - Patrick Crandall & Square Mile Capital Management - Matt Drummond LANDLORD: Rose Associates - Amy Rose LOAN AMOUNT: $181,910,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$181,910,000.00

Monthly NOI$1,212,733.33
Monthly Debt Service$1,149,794.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00