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$23,000,000 Retail Construction Loan

Loan Type : Construction Financing/Joint Venture Equity

Loan : $23,000,000/$8,000,000

$23,000,000 in construction financing and $8,000,000 in joint venture equity for the construction of a 93,000 square foot grocery-anchored center located in Blue Bell, Pennsylvania. The loan carries a 36-month construction period at LIBOR plus 210 basis points, with two six-month extensions, and was underwritten at 70% 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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