Project Features: $5,170,000 Permanent Loan Refinance 5 year term with 25-year amortization at 4.25% Fixed Rate RPC closed a $5,170,000 permanent financing for a three-story 45,000 square foot charter school located in a former industrial loft building in the Temple Hospital neighborhood of North Philadelphia. The 75% loan-to-value loan was as a five-year term at […]
Charter School | Philadelphia, PA Read More »
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
Land Development | Newtown Square, PA Read More »
Project Features: Mezzanine Financing Request for PIP $20,000,000 Mezzanine Loan 7.25% Fixed Rate on 25-year amortization The client, a publicly traded REIT, approached RPC with a need to obtain capital for an upcoming Property Improvement Plan (PIP) of their 549-room Hilton Hotel that was far in excess of the amount of money that the first
Hilton Hotel | San Francisco, CA Read More »
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
Class A Three-Property Office Portfolio | Allentown, PA Read More »
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
Truck Terminal | Philadelphia, PA Read More »
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
Land Development | West Goshen Township, PA Read More »
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,
Mixed-Use Apartment Redevelopment | Philadelphia, PA Read More »
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
Marriott and Holiday Inn | Wilmington, DE Read More »
Project Features: Public Private Partnership $8,000,000 Permanent Loan 10-yr LIBOR Swap Rate with a 25-yr Amortization RPC closed on $8,000,000 in permanent financing for a 60 room Best Western Hotel and 59 room student housing facility situated on a single parcel ground lease adjacent to the Widener University campus, in Chester, PA. The loan was
Best Western Hotel | Chester, PA Read More »
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.
Grocery-Anchored Lifestyle Center | Blue Bell, PA Read More »
