Updated Oct 28, 2024
Riparian Capital Partners Acquires Single Family Property In Baltimore For $54.7M With Roc Capital Loan
2120 Walbrook Avenue, Baltimore, Maryland 21217, United States
$54,700,000
Units
459
Asset Type
Single Family Residence
Closing
Jan 10, 2022
About this deal
AI
The property involved in this closed transaction is a single-family asset located at 2120 Walbrook Avenue in Baltimore, MD. The property consists of 461 units.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $54,700,000
- Loan Terms: Five-year terms
- Address: 2120 Walbrook Avenue
- Market: Baltimore, MD
- Lender: Roc Capital
- Landlord: Riparian Capital Partners - Kristoffer A. Garin
- Broker: David Merkin - Eastern Union
The individuals and companies involved in this deal include Riparian Capital Partners, represented by Kristoffer A. Garin, who acted as the landlord. The loan was provided by Roc Capital, while David Merkin from Eastern Union served as the broker.
Players
Baltimore Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93