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
About this deal
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.
The retail loan at 300 Towson Row, Towson, Maryland 21204, United States in Towson, Maryland financed for $10.2M in 2022. 300 Towson Row, Towson, Maryland 21204, United States is classified as Retail on Traded. David Horowitz, Richard Horowitz, Cooper Horowitz appear on the loan alongside Cooper Horowitz. This page is the Towson, Maryland file for the 300 Towson Row, Towson, Maryland 21204, United States retail financed: pricing, party profiles, and other closed retail comps from the same Towson sit in the Market section below. Filter that Towson retail set by closing date to see what else financed near 300 Towson Row, Towson, Maryland 21204, United States around 2022. Published consideration for 300 Towson Row, Towson, Maryland 21204, United States is $10.2M, dated 2022. Cite this David And Richard Horowitz Of Cooper Horowitz Secure $10.2M Acquisition Loan For Retail Property In Towson, MD loan when underwriting similar retail product around Towson, Maryland.
On the Map
$10,200,000
Retail
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Players
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