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$12,500,000 Land Development Loan

Loan Type : Acquisition

Loan : $12,500,000

A $12,500,000 first mortgage for the horizontal land development of Edgmont Preserve, a 167-lot master planned community situated along West Chester Pike in Newtown Square, PA. The loan carries an interest rate of 290 basis points over 30-day LIBOR and was structured as a 30-month interest only loan with limited recourse to an entity only.

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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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