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RXR’s New Rochelle Resi Tower Scores $105M Refi
JLL Capital Markets arranged $105 million in refinancing for RXR Realty’s 360 Huguenot, a 280-unit high-rise apartment building with ground-floor retail in downtown New Rochelle, NY. The capital markets team arranged the refinancing through Rialto Capital Management.
The JLL Capital Markets team representing the borrower was led by executive managing director Mike Tepedino, senior managing directors Michael Gigliotti and Kelly Gaines, senior director Jillian Mariutti, associate Phil Cadorette and analyst Joy Dracos.
Completed in July 2019, 360 Huguenot is a 28-story rental residential tower consisting of 252 market-rate units, as well as 28 affordable units at up to 80 percent of the area’s median income. It’s the first high-rise residential tower delivered in New Rochelle since 2007. Since New Rochelle designated RXR as “Master Developer” in July 2014, the firm has worked together with the city to construct three separately phased residential projects.
- ◦Financing
