RPCUA

Land Development | Newtown Square, PA

Project Features: $12,500,000 Acquisition and Development Loan Interest Only Revolving Land Development Loan Limited Recourse to Entity Only, No Personal Guarantees RPC closed 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 …

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Class A Three-Property Office Portfolio | Allentown, PA

Project Features: Debt and Equity Placement for Acquisition $13,600,000 Non-Recourse Bridge Loan $2,500,000 Equity Placement Our client had the opportunity to purchase the asset as REO from a private equity firm that had acquired a pool of distressed assets. As is usually the case in these situations, they needed to move quickly to secure the …

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Truck Terminal | Philadelphia, PA

Project Features: Cash-Out-Refinance $8,500,000 Permanent Loan RPC secured $8,500,000 in permanent financing for a 70,000 square foot industrial property consisting of a truck terminal, digitized billboard and parking lot located in Philadelphia, Pennsylvania. The five year loan features a fixed interest rate of 4.89% and was underwritten at 70% loan-to-value on a 25 year amortization …

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Land Development | West Goshen Township, PA

Project Features: $76,383,000 Acquisition and Development Loan Non-Recourse with a Completion Only Guarantee RPC closed a $76,383,261 first mortgage for the acquisition and horizontal land development of Phase I of a 433-acre 489-lot master planned community situated in West Goshen Township, PA. The loan carries an interest rate of 1,025 basis points over 30-day LIBOR …

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Mixed-Use Apartment Redevelopment | Philadelphia, PA

Project Features: Construction Loan Takeout $35,000,000 Non-Recourse Permanent Loan The client was is need to max out their permanent loan proceeds to retire multiple credit facilities along with the requirement that the transaction close immediately at stabilization without any seasoning for a newly constructed 161-unit mixed-use apartment complex located in the Brewerytown neighborhood of Philadelphia, …

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Marriott and Holiday Inn | Wilmington, DE

Project Features: Financing for Acquisition and Conversion $15,200,000 Non-Recourse Permanent Loan RPC closed $15,200,000 in permanent financing for the Courtyard by Marriott and The Inn at Wilmington, two hotels situated on a single tax parcel located in Wilmington, Delaware. The interest rate was fixed at 315 basis points over the ten-year treasury and the underwritten …

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Grocery-Anchored Lifestyle Center | Blue Bell, PA

Project Features: Construction Financing $8,000,000 JV Equity Investment $23,000,000 Construction Loan RPC secured $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, PA. The loan carried a 36-month construction period at LIBOR plus 210 basis points, with two six-month extensions. …

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