THREE PROPERTY PORTFOLIO – PHILADELPHIA, PA

Details

Loan Type: Permanent Financing

Loan: $1,250,000

This portfolio consists of three properties totaling of 15 units located in center city Philadelphia. The ten-year $1,250,000 non-recourse loan features a fixed interest rate of 4.25% with a 30-year amortization schedule. The properties had been owned for less than a year and had no operating history to speak of, and the entire loan amount was “cash out.”

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