Orrstown Bank Provides $6 Million Refinance Loan For Industrial Property In Middle River MD
FINANCED
$6,000,000
Maryland
See Similar DealsIndustrial
Financed 09/29/2025
FINANCED
Orrstown Bank Provides $6 Million Refinance Loan For Industrial Property In Middle River MD
9720 Pulaski Highway
See Similar DealsIndustrial
Financed 09/29/2025
Summary
MARYLAND
Asset Type:Industrial
Transaction Type:Loan
The asset involved in this transaction is an industrial property located at 9714-9720 Pulaski Highway in Middle River, MD. The transaction includes a refinance loan amounting to $6,000,000 with a fixed rate provided for a duration of 5 years.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Lender: Orrstown Bank
- Broker: Gabe Icikson - Meridian Capital Group
- Loan Type: Refinance
- Loan Terms: 5 years fixed rate
This transaction was facilitated by Gabe Icikson, who represents Meridian Capital Group in the deal. A notable aspect of the financing arrangement is the utilization of a swap agreement, which enabled the borrower to achieve a favorable interest rate.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,000,000.00
Monthly NOI$40,000.00
Monthly Debt Service$37,924.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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