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360 Hamilton Avenue

Jamie Dimon Of JP Morgan Chase Provides $49 Million Loan To TKF Burnside For Office Acquisition
FINANCEDOffice

Jamie Dimon Of JP Morgan Chase Provides $49 Million Loan To TKF Burnside For Office Acquisition

360 Hamilton Avenue

$49,000,000

$122/SF

Building Size

400,000 SF

Asset Type

Office

Closing

Feb 24, 2026

AI

The asset involved in the transaction is an office property located at 360 Hamilton Avenue in White Plains, encompassing a total of 400,000 square feet. The transaction was secured with a loan amount of $49,000,000 for acquisition purposes.

Summary of transaction details:

The deal was facilitated by several key individuals including Jamie Dimon representing the lender JP Morgan Chase, while Ric Clark and Dennis Friedrich represented the landlord TKF Burnside. The landlord's interests were represented by a team comprised of Jordan Roeschlaub, Max Ralby, Nick Scribani, Tim Polglase, and Jack Fenton from Newmark.

Players

Nick Scribani

Newmark

Broker

$55.9B

vol

198 deals

Broker
J.P. Morgan Chase
J.P. Morgan ChaseLender
Ric Clark

Ric Clark

TKF Burnside

Landlord

$1.2B

vol

6 deals

Landlord

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

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93