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ColumbiaNational Real Estate Finance Closes $3.5M Bridge Loan For Priest Bridge Centre In Crofton MD

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FINANCED
$3,500,000

Maryland

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Retail
Financed 05/13/2025
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Property Image
FINANCED

ColumbiaNational Real Estate Finance Closes $3.5M Bridge Loan For Priest Bridge Centre In Crofton MD

2203 Defense Highway & 2227 Defense Highway

See Similar Deals
Retail
Financed 05/13/2025
the dealplayerscompscontact
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Summary

MARYLAND
Asset Type:Retail
Transaction Type:Loan

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.

Players

Stephen (Steve) Arnold
Columbia National Real Estate Finance
Stephen Arnold
1 deal$3.5M volume(410) 735-3961
BROKER
Columbia National Real Estate Finance
Columbia National Real Estate Finance
LENDER

Details

FINANCED
IMAGE: 05/13/2025 ADDRESS: 2203-2227 Defense Highway MARKET: Crofton, MD ASSET TYPE: Retail LENDER: ColumbiaNational Real Estate Finance BROKER: Stephen J. Arnold - ColumbiaNational Real Estate Finance LOAN AMOUNT: $3,500,000 LOAN TYPE: Bridge NOTE: ColumbiaNational Real Estate Finance closed a $3.5M non-recourse bridge loan for Priest Bridge Centre, a mixed-use shopping center in Crofton, MD, led by SVP Stephen J. Arnold.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,500,000.00

Monthly NOI$23,333.33
Monthly Debt Service$22,122.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00