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.
On the Map
$53,000,000
Industrial
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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