PENNBROOK PORTFOLIO #1 – PHILADELPHIA, PA

Details

Loan Type: Non-recourse

Loan: $4,465,000

This $4,465,000 non-recourse loan is secured by a portfolio of six well located multi-family properties in Center City Philadelphia. It was written as a ten year note with a 25-year amortization and a fixed interest rate of 4.62%. The loan was underwritten at 75% loan-to-value and included substantial “cash out” to the client.

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