Updated Oct 29, 2024
CIT Provides $53M Loan For Industrial Portfolio In Baltimore-Washington, D.C
Washington, District Of Columbia, United States
$53,000,000
Building Size
—
Asset Type
Industrial
Closing
Aug 17, 2022
About this deal
AI
The Industrial Portfolio located in the Baltimore-Washington, D.C market has recently undergone a transaction. The property is an industrial asset with a size of 500,000 square feet. The landlord of the portfolio is Aminim Group, represented by Nir Kriel.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $53,000,000
- Address: Industrial Portfolio
- Market: Baltimore-Washington, D.C
- Landlord: Aminim Group - Nir Kriel
JLL acted as the broker for this transaction. The lender involved in the deal was CIT. No additional information about the transaction was provided.
Players
Washington Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93