Tauro Capital Provides $149M Refinance Loan For Retail Property In Rosedale, MD
8606 Philadelphia Road, Baltimore, Maryland 21237, United States
$149,000,000
$99/SF
Building Size
1,500,000 SF
Asset Type
Retail
Closing
Apr 20, 2022
AI
The property involved in the transaction is a retail asset located at 8606 Philadelphia Road, Rosedale, MD. It has a total square footage of 1,500,000. The transaction took place in the market of Baltimore, MD.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $149,000,000
- Lender: Tauro Capital
- Landlord: Monarch Bay
- Brokers: Matthew Bucaro, Michael Bucaro, Eric Alvarez, Matthew Ingle & Garryn Laws - Tauro Capital
- Loan Type: Refinance
The loan amount for this transaction was $149,000,000. Tauro Capital provided the financing for the deal. Monarch Bay acted as the landlord. The brokers involved in the transaction were Matthew Bucaro, Michael Bucaro, Eric Alvarez, Matthew Ingle & Garryn Laws, all representing Tauro Capital.
Players
Rosedale 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93