CENTER CITY APARTMENT PORTFOLIO

Details

Loan Type:Non-recourse

Loan: $4,007,000

RPC closed separate loans on eight properties located in Center City, Philadelphia. All the loans carry interest rates of 4.06% or 4.21% with 30-year amortizations. The separate loan structure grants the borrower the option to sell properties without refinancing the remainder of the properties or triggering prepayment penalties.

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