ColumbiaNational Real Estate Finance Closes $3.5M Bridge Loan For Priest Bridge Centre In Crofton MD
2203 Defense Highway & 2227 Defense Highway
$3,500,000
Building Size
—
Asset Type
Retail
Closing
May 13, 2025
About this deal
AI
The property asset involved in the transaction is Priest Bridge Centre, a mixed-use shopping center located at 2203-2227 Defense Highway in Crofton, MD. The transaction was centered around a bridge loan amounting to $3,500,000 from ColumbiaNational Real Estate Finance, indicating the asset's value in the retail market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Lender: ColumbiaNational Real Estate Finance
- Broker: Stephen J. Arnold - ColumbiaNational Real Estate Finance
- Loan Type: Bridge
- Loan Date: 05/13/2025
The transaction was led by Senior Vice President Stephen J. Arnold, who played a pivotal role in securing the loan for the asset. ColumbiaNational Real Estate Finance facilitated this non-recourse bridge loan, highlighting their involvement in providing financing solutions for retail properties.
On the Map
$3,500,000
Retail
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Crofton Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93