Loan Type : Acquisition
Loan : $1,500,000
A $1,500,000 permanent loan for the acquisition of an 11-unit apartment complex located in the Rittenhouse Square neighborhood of Center City Philadelphia, Pennsylvania. The non-recourse loan features a ten-year term with a 4.25% fixed interest rate on a 30-year amortization schedule and was underwritten at 65% loan-to-value.