Dean Ofer Of Harborview Capital Partners Facilitates $20.3M Acquisition Loan For 303-Unit Multifamily In Baltimore

The property asset involved is a 303-unit hotel-multifamily conversion located at 222 Saint Paul Place, Baltimore, MD. The multifamily asset spans a total square footage of 165,185. The total loan amount for this acquisition was $20,300,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $20,300,000
• Address: 222 Saint Paul Place
• Market: Baltimore, MD
• Asset Square Footage: 165,185
• Units: 303
• Loan Type: Acquisition
• Broker: Dean Ofer - Harborview Capital Partners

Dean Ofer represented the transaction, providing private credit acquisition and construction financing execution on the project. The final loan terms exceeded 70% loan-to-cost with an all-in rate floor below 10%. For further inquiries, Dean Ofer can be reached at 646-733-8520 or via email at [email protected].