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300 Towson Row, Towson, Mar...

David And Richard Horowitz Of Cooper Horowitz Secure $10.2M Acquisition Loan For Retail Property In Towson, MD
FINANCEDRetail

David And Richard Horowitz Of Cooper Horowitz Secure $10.2M Acquisition Loan For Retail Property In Towson, MD

300 Towson Row, Towson, Maryland 21204, United States

$10,200,000

Building Size

Asset Type

Retail

Closing

Aug 21, 2022

AI

David Horowitz & Richard Horowitz of Cooper Horowitz facilitated the acquisition loan for a retail property located at 300 Towson Row in Towson, MD. The loan amount was $10,200,000, and it was a 10-year fixed-rate loan with full-term interest-only terms.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,200,000
  • Date: 08/22/2022
  • Address: 300 Towson Row, Towson, MD
  • Market: Towson, MD

The loan was acquired through the brokerage services of David Horowitz & Richard Horowitz from Cooper Horowitz.

Players

Richard Horowitz

Cooper Horowitz

Broker

$2.7B

vol

40 deals

Broker

Towson 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

1.56%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93