Updated Apr 14, 2026
Metropolitan Properties Secures $81.4 Million Refinance Loan From MF1 For Multifamily Assets
1601 Hutzler Lane & 9202 Owings Park Drive
$81,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 28, 2026
About this deal
AI
The transaction involves a multifamily asset situated at 1601 Hutzler Lane and 9202 Owings Park Drive in Pikesville & Owings Mills, MD. The financing structure comprises a refinance loan amounting to $81,400,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $81,400,000
- Lender: MF1
- Landlord: Metropolitan Properties
- Landlord's Representative: Ronnie Levine
- Brokerage: Arrow Real Estate Advisors
- Brokers: Jack McPhail & Alex Ellman
The deal features key participants including Metropolitan Properties as the landlord and Ronnie Levine acting as the landlord's representative. Jack McPhail and Alex Ellman from Arrow Real Estate Advisors are the brokers facilitating this refinancing transaction.
On the Map
$81,400,000
MultiFamily
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Players
Pikesville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93