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$75 Million Acquisition Loan Secured For 612 Unit Multifamily In Pikesville MD By Meridian Capital
FINANCED
$75,000,000
Maryland
See Similar DealsMultiFamily
Financed 03/20/2026
FINANCED
$75 Million Acquisition Loan Secured For 612 Unit Multifamily In Pikesville MD By Meridian Capital
7900 Brookford Circle
See Similar DealsMultiFamily
Financed 03/20/2026
Summary
MARYLAND
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 7900 Brookford Circle, Pikesville, MD, consisting of 612 units. The acquisition was financed with a loan amount of $75,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $75,000,000
- Address: 7900 Brookford Circle
- Market: Pikesville, MD
- Units: 612
- Loan Type: Acquisition
- Broker Representation: Jonathan Zilber & Joel Chetner - Meridian Capital Group
In addition to the multifamily property transaction, Hanley Investment Group was responsible for brokering the sale of the 207,406-square-foot Lakeview Pointe Shopping Center in Stillwater for $22.5 million, a property that is 95% leased and situated on 24.7 acres, built in 2006.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$75,000,000.00
Monthly NOI$500,000.00
Monthly Debt Service$474,051.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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