Riparian Capital Partners Acquires Baltimore SFR Portfolio With $54.7M Loan From Roc Capital
Baltimore, Maryland, United States
$54,700,000
$32/SF
Building Size
1,670,000 SF
Asset Type
Mixed-use
Closing
Jan 18, 2022
AI
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
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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93