Developers Realty Corporation Secures $33.5 Million Refinance Loan From Arrowmark Partners In Williamsburg
4911 Courthouse Street
$33,500,000
$135/SF
Building Size
248,176 SF
Asset Type
Retail
Closing
May 12, 2025
AI
The property involved in this transaction is a retail asset located at 4911 Courthouse Street in Williamsburg, comprising a total square footage of 248,176. The refinance loan associated with this property amounts to $33,500,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $33,500,000
- Lender: Arrowmark Partners
- Landlord: Developers Realty Corporation
- Brokers: Dylan Kane & Zachary Redding - Colliers
- Loan Type: Refinance
- Date: 5/13/2025
Key individuals involved in this transaction include brokers Dylan Kane and Zachary Redding, representing Developers Realty Corporation in this refinance deal. Their roles facilitated the financial arrangements necessary for the property at the specified address.
Players
Williamsburg Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93