Riparian Capital Partners Acquires Baltimore SFR Portfolio With $54.7M Loan From Roc Capital
FINANCED
Maryland
See Similar DealsMixed-use1,670,000 SF
Financed 01/18/2022
FINANCED
Riparian Capital Partners Acquires Baltimore SFR Portfolio With $54.7M Loan From Roc Capital
Baltimore, Maryland, United States
See Similar DealsMixed-use1,670,000 SF
Financed 01/18/2022
Summary
MARYLAND
Asset Type:Mixed-use
Price Per Square Foot:$32
Total Square Footage:1,670,000 SF
Transaction Type:Loan
A SFR Portfolio consisting of 461 single-family units located in Baltimore, MD has recently been involved in a loan transaction.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $54,700,000
- Address: Not specified
- Market: Baltimore, MD
- Lender: Roc Capital
- Landlord: Riparian Capital Partners - Kristoffer Garin
- Broker: Eastern Union - David Merkin
The loan, amounting to $54,700,000, was provided by Roc Capital on five-year terms. The transaction was facilitated by Eastern Union, with David Merkin acting as the broker. Riparian Capital Partners, represented by Kristoffer Garin, serves as the landlord of the SFR Portfolio.
Players
LENDER
LENDER
LENDER
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$54,700,000.00
Monthly NOI$364,666.67
Monthly Debt Service$345,741.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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