facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Maryland

/

Multifamily

/

Loan

/

222 Saint Paul Place

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

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

222 Saint Paul Place

$20,300,000

$122/SF

Building Size

165,185 SF

Asset Type

MultiFamily

Closing

Oct 23, 2024

AI

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].

Players

Dean Ofer

Harborview Capital Partners

Broker

$93M

vol

7 deals

Broker

Baltimore MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.78%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93