Yonkers Studio Production Portfolio Lands $435M Refi

September 2, 2026

Finance Mixed Use New York News More Northeast

Lionsgate is the largest tenant in the properties' roster.

Exterior shot of one of the buildings at the iPark Yonkers Campus. — Hollywood on the Hudson is one of the largest purpose-built studio campuses in the New York market. *Image courtesy of Yardi Matrix*

A partnership between National Resources, Great Point Studios Operations and Lindsay Goldberg has received a $435 million refinancing loan for a film and television production portfolio in Yonkers, N.Y., according to a report by Morningstar DBRS.

Dubbed Hollywood on the Hudson, the 719,943-square-foot collection is one of the largest purpose-built studio campuses in the New York market.

Bank of Montreal, Starwood Mortgage Capital and Bank of America issued the floating-rate mortgage loan, which has a two-year initial term with three one-year extension possibilities. The refinancing package retires the existing debt on the properties of $376.8 million, while the remaining amount covers closing costs, return of equity and tenant roster improvements.

Trimont and Situs Holdings served as servicer and special servicer in the transaction. Deutsche Bank National Trust Co. served as trustee.

Hollywood on the Hudson, up close

The portfolio consists of four campuses, namely:

iPark Yonkers Campus, a 464,598-square-foot studio/office asset at 28–29 Wells Ave.
Warburton Campus, a 73,500-square-foot studio/office asset at 104-108 Warburton Ave.
North Broadway Campus, a 106,785-square-foot studio/office asset at 1050 N Broadway.
Fernbrook Campus, a 75,060-square-foot creative/industrial asset at 130 Fernbrook St.

Initially delivered in 1900, iPark Yonkers was formerly known as Otis Elevator manufacturing facility. Between 1999 and 2000, National Resources invested into the property to convert it into an office and studio campus.

The four campuses amount to a total of eight buildings of pre- and postproduction spaces. The largest tenant occupying the properties is film production studio and global platform Lionsgate Studio Corp., which leases 378,225 square feet across all assets, accounting for 52.5 percent of total net rentable area. The tenant began leasing studio space at the Yonkers buildings in 2022. The portfolio was 98.9 percent leased at the time of the refinancing deal, with a weighted average lease term approaching 10 years.

All four assets in the Hollywood on the Hudson collection are located along U.S. Route 9, which connects the area to Midtown Manhattan, some 17 miles south.

Yonkers has emerged as the largest film and TV hub in the Northeast, generating some $46 million in sales for the city of New York and almost $12 million in earnings, Westfair Business Journal wrote. Plans for Hollywood on the Hudson call for an expansion of 15 to 20 stages, with a LED Car Stage at one of the studios.

Zooming out, the entertainment industry has always created sustained visitor demand in New York. Lately, one of the noteworthy events across the Big Apple are the thirty sold-out Harry Styles concerts, which are slated to bring a total of approximately 585,000 people through Madison Square Garden between Aug. 26 and Oct. 31 of this year.