Loan Type : Non-recourse
Loan : $4,007,000
RPC closed separate loans totaling $4,007,000 on eight properties located in Center City, Philadelphia, Pennsylvania. All the loans carry interest rates of 4.06% or 4.21% with 30-year amortizations. The separate loan structure grants the borrower the option to sell the properties without refinancing the remainder of the properties or triggering prepayment penalties.