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Riparian Capital Partners Acquires Baltimore SFR Portfolio With $54.7M Loan From Roc Capital

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FINANCED
$54,700,000
Christopher "Chris" Pratt
W. Kyle Tangney
+ 8

Maryland

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Mixed-use1,670,000 SF
Financed 01/18/2022
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Property Image
FINANCED

Riparian Capital Partners Acquires Baltimore SFR Portfolio With $54.7M Loan From Roc Capital

Baltimore, Maryland, United States

See Similar Deals
Mixed-use1,670,000 SF
Financed 01/18/2022
Christopher "Chris" Pratt
W. Kyle Tangney
+ 8
Contact now

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

David Sitt
12 deals$2.7B volume
BROKER

Eliott Zeitoune
Arrow Real Estate Advisors
8 deals$807.9M volume(212) 736-4422
BROKER

David Merkin
5 deals$216.7M volume
BROKER

Stephen Weiss
Lee & Associates
2 deals$63.5M volume
BROKER

Herbert "Herb" Schwat
Greysteel
3 deals$70.7M volume
BROKER

Aaron Inman
Greysteel
1 deal$54.7M volume
BROKER

W. Kyle Tangney
Greysteel
2 deals$68.7M volume(202) 280-2730
BROKER

Christopher "Chris" Pratt
JLL
22 deals$5.7B volume
BROKER

George Kordahl
JLL
1 deal$54.7M volume
BROKER

Stephen Van Leer
JLL
17 deals$1.2B volume(516) 661-0102
BROKER

Citizens Bank
LENDER





Details

FINANCED
IMAGE: Kristoffer Garin & David Merkin DATE: 01/18/2022 ADDRESS: SFR Portfolio MARKET: Baltimore, MD ASSET TYPE: Single Family ~ UNITS: 461 LENDER: Roc Capital LANDLORD: Riparian Capital Partners - Kristoffer Garin BROKER: Eastern Union - David Merkin LOAN AMOUNT: $54,700,000 LOAN TERMS: five-year terms

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Deal Type
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