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$6,000,000 Office Construction Loan

Loan Type : Construction Loan

Loan : $6,000,000

A $6,000,000 construction loan for the redevelopment of a 36,700 square foot office building located in Pennsauken, New Jersey. The sponsor obtained a ten-year lease from Virtua Health for about 75% of the building. The 30-month loan was priced at LIBOR plus 300 basis points and was underwritten at 75% of the stabilized 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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