Columbia National Real Estate Finance Provides $28M Construction Loan For Mixed-Use Property In Baltimore
4010 Boston Street, Baltimore, MD 21224
$28,000,000
$224/SF
Building Size
125,000 SF
Asset Type
Mixed-use
Closing
Mar 2, 2022
About this deal
AI
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
Baltimore Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93