FINANCEDMultiFamily
$25,250,420 Loan Secured For MultiFamily Asset At 400 Park Avenue In Baltimore
400 Park Avenue
$25,250,420
$409/SF
Building Size
61,598 SF
Asset Type
MultiFamily
Closing
Jan 4, 2022
AI
The asset involved in this transaction is a MultiFamily property located at 400 Park Avenue in Baltimore. The loan amount secured for this property is $25,250,420.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $25,250,420.00
- Address: 400 Park Avenue
- Market: Baltimore
The transaction was processed on 01/04/2022, reflecting the financial dynamics within the Baltimore market for multifamily assets.
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93