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New York & Tri-State  + Fairfield/Westchester  + Finance  | 
RXR's 360 Huguenot has secured a $105-million refinancing via JLL Capital Markets

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. 


Inside The Story

JLL's Tepedino

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing