Updated Mar 17, 2025
KeyBank Provides $100M Bridge Loan For 757-Unit Multifamily Property In Glen Burnie, MD
7805 Bruton Drive, Glen Burnie, Maryland 21060, United States
$100,000,000
Units
757
Asset Type
MultiFamily
Closing
Jan 17, 2023
About this deal
AI
The property involved in this closed transaction is a multifamily asset located at 7805 Bruton Dr in Glen Burnie, MD. It consists of 757 units. The loan for this transaction was provided by KeyBank Community Development Lending & Investment, with Matt Haas and Greg Deeks representing the lender. The loan amount for this bridge loan was $100,000,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $100,000,000
- Address: 7805 Bruton Dr, Glen Burnie, MD
- Market: Glen Burnie, MD
- Units: 757
- Lender: KeyBank Community Development Lending & Investment - Matt Haas & Greg Deeks
- Loan Type: Bridge loan
The representatives for the lender in this deal were Matt Haas and Greg Deeks of KeyBank Community Development Lending & Investment.
Glen Burnie 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93