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8606 Philadelphia Road, Bal...

Tauro Capital Provides $149M Refinance Loan For Retail Property In Rosedale, MD
FINANCEDRetail

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

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

Matthew Bucaro

Convoy Capital

Broker

$304.3M

vol

12 deals

Broker
Tauro Capital Advisors
Tauro Capital AdvisorsLender

Rosedale Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

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