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800 Rockwell Avenue

Updated Oct 28, 2025

Newmark Arranges $67.5 Million Fannie Mae Loan For Sentinel Real Estate's Rockwell At Crown
FINANCEDMultiFamily

Newmark Arranges $67.5 Million Fannie Mae Loan For Sentinel Real Estate's Rockwell At Crown

800 Rockwell Avenue

$67,500,000

Units

335

Asset Type

MultiFamily

Closing

Oct 24, 2025

About this deal

AI

The asset involved in this transaction is a 335-unit multifamily community located at 800 Rockwell Avenue, Gaithersburg, MD. The loan amount for this refinancing transaction is $67,500,000, provided by Fannie Mae. The property was completed in 2022 and includes a range of one- to three-bedroom units, along with various amenities such as a pool, fitness center, coworking spaces, and EV charging stations.

Summary of transaction details:

Newmark arranged the refinancing deal on behalf of Sentinel Real Estate, facilitating the $67.5 million Fannie Mae loan for Rockwell at Crown. This transaction highlights the involvement of multiple brokers, ensuring a comprehensive representation throughout the process.

On the Map

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$67,500,000

MultiFamily

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Players

Jim Badolato

Newmark

Broker

$67.5M

vol

1 deal

Broker
Newmark
NewmarkBrokerage
Fannie Mae
Fannie MaeLender

Gaithersburg MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $201.5K per unit across 335 units on a published $67.5M (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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