Tauro Capital Provides $149M Refinance Loan For Retail Property In Rosedale, MD
FINANCED
$149,000,000
+ 2
Maryland
See Similar DealsRetail1,500,000 SF
Financed 04/21/2022
FINANCED
Tauro Capital Provides $149M Refinance Loan For Retail Property In Rosedale, MD
8606 Philadelphia Road, Baltimore, Maryland 21237, United States
See Similar DealsRetail1,500,000 SF
Financed 04/21/2022
+ 2
Summary
MARYLAND
Asset Type:Retail
Price Per Square Foot:$99
Total Square Footage:1,500,000 SF
Transaction Type:Loan
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
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$149,000,000.00
Monthly NOI$993,333.33
Monthly Debt Service$941,781.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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