KB Bank Provides $119.1M Loan For Mixed-Use Property In Rockville, MD
FINANCED
$119,125,000
Maryland
See Similar DealsMixed-use150,000 SF
Financed 05/10/2022
FINANCED
KB Bank Provides $119.1M Loan For Mixed-Use Property In Rockville, MD
1801 Chapman Ave, Rockville, Maryland 20852, United States
See Similar DealsMixed-use150,000 SF
Financed 05/10/2022
Summary
MARYLAND
Asset Type:Mixed-use
Price Per Square Foot:$794
Total Square Footage:150,000 SF
Transaction Type:Loan
The mixed-use property located at 1801 Chapman Ave in Rockville, MD has been involved in a recent closed transaction. The property spans a total of 150,000 square feet and is characterized by its versatile usage.
Summary of transaction details
The loan for this transaction was provided by KB Bank. The loan, amounting to $119,125,000, was classified as an acquisition loan. The loan terms agreed upon stipulated a 5-year term.
EastSky Properties acted as the landlord in this transaction, representing the property's ownership. The brokers involved in the deal were Henry Stimler, Charles Han, and Bill Weber from Newmark. They served as representatives for the interested parties.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$119,125,000.00
Monthly NOI$794,166.67
Monthly Debt Service$752,951.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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