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$8,500,000 Multi-family Refinance

Loan Type : Permanent Refinance

Loan : $8,500,000

$8,500,000 refinance for the 156-unit garden style apartment community located in Wilmington, Delaware. It was underwritten at 75% loan-to-value at a fixed rate of 4.75% with a seven-year term and a 30-year amortization. Although the property had only recently reached stabilization and did not have a strong operating history, RPC was able to identify a lender that could execute and close the transaction in 30 days. Around 30% of the tenants were Section 8 or similar in nature.

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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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