Columbia National Real Estate Finance Provides $28M Construction Loan For Mixed-Use Property In Baltimore
FINANCED
$28,000,000
Maryland
See Similar DealsMixed-use125,000 SF
Financed 03/03/2022
FINANCED
Columbia National Real Estate Finance Provides $28M Construction Loan For Mixed-Use Property In Baltimore
4010 Boston Street, Baltimore, MD 21224
See Similar DealsMixed-use125,000 SF
Financed 03/03/2022
Summary
MARYLAND
Asset Type:Mixed-use
Price Per Square Foot:$224
Total Square Footage:125,000 SF
Transaction Type:Loan
The mixed-use property located at 4010 Boston Street in Baltimore, MD was involved in a recent closed transaction. The property spans a total area of 125,000 square feet and is situated in a mixed-use market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $28,000,000
- Loan Type: Construction Loan
Columbia National Real Estate Finance provided a construction loan of $28,000,000 for the property at 4010 Boston Street. The loan will support the development and construction activities for the mixed-use asset. The landlord in this transaction is 28 Walker Development Group, represented by Scott Slosson.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$28,000,000.00
Monthly NOI$186,666.67
Monthly Debt Service$176,979.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions