257 APARTMENTS, PHILADELPHIA, PA

Details

Loan type: Permanent Refinance
Loan: $6,600,000

This non-recourse loan carried a seven-year term, 30-year amortization, and 4.81% interest rate. RPC arranged this Fannie Mae loan for the refinance of a Class A apartment building in the Rittenhouse Square neighborhood of Philadelphia. RPC identified a lender willing to close without a current certification from the city Department of Licenses and Inspections due to the fact that timing was an issue.

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