3rd & New

Details

A $20,400,000 construction loan for the development of a six-story, 101,000 sq. ft. mixed-use Class A office building in Bethlehem, Pennsylvania. The loan features a 24-month interest-only construction period followed by a 36-month mini-permanent loan on a 25-year amortization. The rate for the full term was fixed at 4.375%.

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