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: CMBS Refinance $8,600,000 Non-Recourse Permanent Loan Three Week Closing RPC closed a $8,600,000 refinance of a 104,000 sq. ft. multi-tenant office building located in Fort Washington, PA. The non-recourse loan was underwritten at 75% of stabilized value and features a 10-year term on a 30-year amortization with an interest rate of 5.12%. RPC
Multi-Tenant Office Building | Fort Washington, PA Read More »
Project Features: $6,000,000 Construction Loan 75% Loan to “As-Stabilized” Value RPC closed on a $6,000,000 construction loan for the redevelopment of a vacant 36,700 sq. ft. office building located in Pennsauken, NJ. The sponsor obtained a 10-year lease from a major health provider for about 75% of the building, thereby enabling the financing. The 30-month
Office Redevopment | Pennsauken, NJ Read More »
