Capstone Secures $27.25 Million Refinance Loan From Basis Investment Group For Plaza 44 Retail
FINANCED
$27,250,000
New York
See Similar DealsRetail
Financed 08/15/2025
FINANCED
Capstone Secures $27.25 Million Refinance Loan From Basis Investment Group For Plaza 44 Retail
15 Burnett Boulevard
See Similar DealsRetail
Financed 08/15/2025
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
The asset involved in this transaction is a retail property located at 15 Burnett Boulevard - Plaza 44 in the Poughkeepsie market. A refinance loan amounting to $27,250,000 was secured for the property.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $27,250,000
- Lender: Basis Investment Group
- Landlord: Capstone - Mitch Adelstein & Rob Friedberg
- Title Insurance Representative: Jim Reichert - Kensington Vanguard National Land Services
- Loan Type: Refinance
The transaction featured Mitch Adelstein and Rob Friedberg representing the landlord Capstone. Jim Reichert served as the title insurance representative from Kensington Vanguard National Land Services, playing a significant role in the execution of the deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$27,250,000.00
Monthly NOI$181,666.67
Monthly Debt Service$172,238.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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