Commerce Corporate Center

Details

A $13,600,000 non-recourse bridge loan and $2,500,000 of equity for the acquisition of a three-property office portfolio located in Allentown, Pennsylvania. The loan features a 36-month interest-only term with a floating rate of the LIBOR plus 425 basis points. The loan was underwritten at 75% of stabilized value and 85% of project cost.

RELATED PROJECTS