Jared Cassidy Of Marcus & Millichap Arranges $3.92M Loan For Retail Center In Bel Air
2699 Tobin Crossing
$3,924,000
Building Size
—
Asset Type
Retail
Closing
Nov 25, 2025
About this deal
AI
The Shoppes at James Run is a retail center located at 2699 Tobin Crossing in Bel Air, MD, encompassing a total area of 13,189 square feet. The property was involved in an acquisition financing transaction amounting to $3,924,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,924,000
- Loan Type: Acquisition
- Loan Amount: $3,924,000
- Loan Term: seven years
- Interest Rate: 5.64%
- Broker: Jared Cassidy
- Broker Agency: Marcus & Millichap
MMCC arranged the acquisition financing for the transaction, catering to a private client. The deal reflects the collaboration between the broker and the financing entity to successfully close the transaction.
Players
Bel Air 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
4.04%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93