Eastern Bank Provides $28.4M Permanent Financing For Mitchellville Multifamily Property
FINANCED
$28,370,000
+ 1
Maryland
See Similar DealsMultiFamily
Financed 01/09/2023
FINANCED
Eastern Bank Provides $28.4M Permanent Financing For Mitchellville Multifamily Property
11411 Lake Arbor Way
See Similar DealsMultiFamily
Financed 01/09/2023
+ 1
Summary
MARYLAND
Asset Type:MultiFamily
Transaction Type:Loan
A multifamily property located at 11411 Lake Arbor Way in Mitchellville, MD has received permanent financing from Eastern Bank in the amount of $28,370,000. The property is owned by Mitchellville, MD and the transaction was facilitated by brokers Jamie Leachman, Jacqueline Meagher, Madeline Joyce, and David Sloan from JLL.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $28,370,000
- Lender: Eastern Bank
- Landlord: Mitchellville, MD
- Brokers: Jamie Leachman, Jacqueline Meagher, Madeline Joyce, and David Sloan - JLL
The loan provided by Eastern Bank will enable the successful completion of the acquisition or refinancing of the multifamily property located at 11411 Lake Arbor Way in Mitchellville, MD. The involvement of brokers Jamie Leachman, Jacqueline Meagher, Madeline Joyce, and David Sloan from JLL highlights their expertise in facilitating such transactions.
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
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
$28,370,000.00
Monthly NOI$189,133.33
Monthly Debt Service$179,317.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions