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4911 Courthouse Street

Developers Realty Corporation Secures $33.5 Million Refinance Loan From Arrowmark Partners In Williamsburg
FINANCEDRetail

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:

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

Dylan Kane

Colliers

Broker

$3.5B

vol

60 deals

Broker
ArrowMark Partners
ArrowMark PartnersLender

Williamsburg Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

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