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$8,500,000 Medical Office Bridge Loan

Loan Type : Acquisition

Loan : $8,500,000

A $8,500,000 non-recourse bridge loan for the acquisition and tenant fit-out of a medical office building in Brooklyn, New York. The loan was underwritten at 85% loan-to-cost and 65% loan-to-stabilized-value. The loan carries a 24-month interest-only period with a floating rate of LIBOR plus 550 basis points.

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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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