Transactions

Mixed-Use Apartments | Philadelphia, PA

Project Features: $10,600,000 Construction Loan with Optional Take Out 81.5% “Loan-to-Actual Cash” Basis Concentration of Micro-Apartments RPC closed on $10,600,000 in financing for the construction of a 51-unit mixed-use apartment building located in the Old City neighborhood of Philadelphia, PA. The loan carries an initial 27-month construction period at LIBOR plus 300 basis points, followed […]

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Land Development | Malvern, PA

Project Features: $53,7822,000 Land Loan Refinance Non-Recourse with a Completion Only Guarantee RPC closed a $53,781,504 first mortgage for the refinance of the remaining undeveloped lots of 549-lot residential development located immediately adjacent to the new Malvern/PA-29 Interchange of the Pennsylvania Turnpike.  The loan carries an interest rate of 1,150 basis points over 30-day LIBOR

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Multi-Tenant Office Building | Fort Washington, PA

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

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Temple University Student Housing | Philadelphia, PA

Project Features: Permanent Refinance $8,000,000 Non-Recourse Permanent Loan 90% Loan to Cost RPC closed an $8,000,000 first mortgage loan on a newly constructed 122-bed apartment complex in Philadelphia, PA. The loan carries a 10-year term with a 30-year amortization and an interest rate of 4.30%. It was underwritten at 75% loan-to-value, 90% loan-to-cost and is

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Parking Garage with Ground Floor Retail | Philadelphia, PA

Project Features: $5,400,000 Limited-Recourse Acquisition Loan 80% LTC and 75% LTV RPC closed a $5,400,000 loan on a 205 space multi-story parking garage with ground floor retail in Center City Philadelphia. The loan carries an initial 3-year term with a 25-year amortization and a floating interest rate of 350 basis point above the one month

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