Asset Realty Construction Group Secures $11.2M Construction Loan For Self-Storage In Owings Mills, MD
FINANCED
$11,200,000
Maryland
See Similar DealsSelf Storage109,680 SF
Financed 05/16/2023
FINANCED
Asset Realty Construction Group Secures $11.2M Construction Loan For Self-Storage In Owings Mills, MD
10544 Reisterstown Rd Owings Mills, MD 21117, USA
See Similar DealsSelf Storage109,680 SF
Financed 05/16/2023
Summary
MARYLAND
Asset Type:Self Storage
Price Per Square Foot:$102
Total Square Footage:109,680 SF
Transaction Type:Loan
A self-storage property located at 10544 Reisterstown Road in Owings Mills, MD, has been involved in a recent transaction. The property spans over 109,680 square feet and is owned by Asset Realty Construction Group, represented by Dino Tomassetti. The deal was facilitated by brokers Kathy Anderson and Caillin Boles from Progress Capital.
Summary of transaction details
- Property Type: Self-Storage
- Transaction Amount: $11,200,000
- Loan Type: Construction
- Loan Terms: Rate is fixed at 6.30% with no prepayment penalty
The loan obtained for this transaction amounts to $11,200,000 and falls under the category of construction loans. The interest rate on the loan is fixed at 6.30%, and there are no prepayment penalties associated with it.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,200,000.00
Monthly NOI$74,666.67
Monthly Debt Service$70,791.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions