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$6,650,000 Retail Bridge Loan

Loan Type : Acquisition

Loan : $6,650,000

A $6,650,000 bridge loan for a former 40,000 square foot, freestanding grocery store located in Philadelphia, Pennsylvania. The loan features an initial 12-month interest-only period at LIBOR plus 170 basis points, followed by a three-year fixed rate loan at 3.66% based on a 20-year amortization. The loan was underwritten at 85% loan-to-cost and 78.5% loan-to-value.

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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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