Updated Mar 4, 2026
Westwood Realty Associates Facilitates $25.8M Acquisition Loan For Baltimore Multifamily
3603 Glengyle Avenue, Baltimore, MD, USA
$25,755,000
$103/SF
Building Size
250,000 SF
Asset Type
MultiFamily
Closing
Dec 6, 2021
About this deal
AI
The multifamily properties located at 3603 Glengyle Ave., 7220 Park Heights Ave., and 4936 Lanier Ave. in Baltimore, MD have been involved in a recent transaction. The properties have a total square footage of 250,000 and consist of 223 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $25,755,000
- Loan Type: Acquisition loan
- Loan Terms: Full term IO, 3.85%, 85% LTV
The transaction was facilitated by Steven Vegh from Westwood Realty Associates. He represented the parties involved in the deal.
Players
Baltimore 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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93