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$1,175,000 Retail Construction to Permanent Loan

Loan Type : Refinance

Loan : $1,175,000

A $1,175,000 acquisition loan for the development of a freestanding 4,815 square foot, Chick-Fil–A restaurant located in Whitehall, Lehigh County, Pennsylvania. The starting gross annual rental rate in year one is $102,500. The loan features an interest rate of LIBOR plus 220 basis points for construction converting to a fixed principal and interest repayment for five years. It was underwritten at 70% loan-to-value, and 92% loan-to-cost.

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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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