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
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