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2120 Walbrook Avenue, Balti...

Riparian Capital Partners Acquires Single Family Property In Baltimore For $54.7M With Roc Capital Loan
FINANCEDSingle Family Residence

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

Building Size

Asset Type

Single Family Residence

Closing

Jan 10, 2022

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

David Merkin

Broker

$216.7M

vol

5 deals

Broker
Roc Capital
Roc CapitalLender

Kristoffer Garin

Riparian Capital Partners

Landlord

$109.4M

vol

2 deals

Landlord

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