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8727 Colesville Road

Updated Jun 23, 2025

NorthOak Provides $14.7 Million Construction Loan For Multifamily Asset In Silver Spring
FINANCEDMultiFamily

NorthOak Provides $14.7 Million Construction Loan For Multifamily Asset In Silver Spring

8727 Colesville Road

$14,700,000

$82/SF

Building Size

178,595 SF

Asset Type

MultiFamily

Closing

Jun 8, 2025

About this deal

AI

The property asset involved in this transaction is a multifamily building located at 8727 Colesville Road in Silver Spring, MD. It encompasses a total square footage of 178,595 and consists of 252 units. The loan amount secured for this asset is $14,700,000, categorized under construction loan type, with a loan term of 3 years.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $14,700,000
  • Address: 8727 Colesville Road
  • Market: Silver Spring, MD
  • Asset Size: 178,595 SF
  • Units: 252
  • Lender: NorthOak
  • Broker: Dean Ofer - Harborview Capital Partners
  • Loan Type: Construction
  • Loan Terms: 3 Years

The deal was facilitated by Dean Ofer, representing Harborview Capital Partners as the broker in this transaction. For inquiries related to the transaction, Dean Ofer can be contacted directly at 646-733-8520 or via email at [email protected].

On the Map

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$14,700,000

$82/SF

MultiFamily

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Players

Harborview Capital Partners
Harborview Capital PartnersBrokerage

Dean Ofer

Harborview Capital Partners

Originator

$152.9M

vol

9 deals

Originator

Silver Spring MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $82 per square foot on a published $14.7M for 178,595 square feet (2025).

Visit Dean Ofer to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.08%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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