LINDLEY TOWERS – PHILADELPHIA, PA

Details

Loan Type: Permanent Financing

Loan: $3,500,000

Lindley Towers is a 105-unit apartment complex located at 1220 Lindley Avenue in the Logan section of Philadelphia. The seven year $3,500,000 loan featured an 80% LTV and an interest rate of 4.50%. The loan included substantial “cash out” to the borrower who had owned the property for a relatively short period of time (just over a year).

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