1823 SPRUCE STREET – PHILADELPHIA, PA

Details

Loan Type: Permanent Financing

Loan: $1,528,000

This property is a seven unit multifamily property ideally located in Philadelphia’s most desirable residential neighborhood – Rittenhouse square. The owners of the property made significant renovations to the property and upon stabilization received a five year, $1,528,000 non-recourse “cash out” loan with a fixed interest rate of 3.875%.

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