Loan Type: Permanent Financing

Loan: $1,470,000

The property consists of six residential units and two commercial units, including the successful Italian restaurant La Fontana Del La Cilla at the corner of 17th and Spruce Streets in the highly desirable Rittenhouse Square neighborhood. The five year, $1,470,000 loan featured a fixed 4.75% interest rate with a 25-year amortization. RPC was able to leverage its strong relationship with a local lender to overcome the client’s impaired credit.