Updated Oct 29, 2024
EagleBank Secures $45 Million Loan For Retail Property In Laurel, MD
3329 Corridor Marketplace Laurel, Maryland 20724, USA
$45,000,000
$99/SF
Building Size
452,102 SF
Asset Type
MultiFamily
Closing
May 16, 2023
About this deal
AI
The retail property located at 3329 Corridor Marketplace in Laurel, MD was involved in a recent loan transaction. The asset spans a total of 452,102 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $45,000,000
The loan was provided by A. J. & C. Garfunkel, represented by Charles Garfunkel. The lender, EagleBank, provided a loan amount of $45,000,000 to facilitate the transaction.
The multifamily loan at 3329 Corridor Marketplace Laurel, Maryland 20724, USA in Laurel, Maryland financed for $45M in 2023. The building is 452,102 square feet, implying about 99 per square foot on the published price. This page is the Laurel, Maryland file for the 3329 Corridor Marketplace Laurel, Maryland 20724, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Laurel sit in the Market section below. Filter that Laurel multifamily set by closing date to see what else financed near 3329 Corridor Marketplace Laurel, Maryland 20724, USA around 2023. Published consideration for 3329 Corridor Marketplace Laurel, Maryland 20724, USA is $45M, dated 2023. Cite this EagleBank Secures $45 Million Loan For Retail Property In Laurel, MD loan when underwriting similar multifamily product around Laurel, Maryland.
Players
Laurel MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Maryland multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93