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$2,962,000 Mixed Use Construction Loan

A $2,962,500 construction loan for a 12-unit apartment building with ground floor retail in the Fishtown section of Philadelphia. The loan is a 7-year construction-to-permanent structure priced at 250 over LIBOR resulting in a sub 3% rate and is open to prepayment without penalty during the 24-month interest-only construction period. The loan was underwritten at 75% LTV.

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Based in the Philadelphia region, Real Property Capital, Inc. (RPC) is a commercial mortgage banking firm with a regional focus and national capabilities... Read More

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303 Harry St.
Conshohocken, PA
19428
(610) 456-9644
bgreen@realpropertycapital.com

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