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 […]
Mixed-Use Apartments | Philadelphia, PA Read More »
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
Land Development | Malvern, PA Read More »
Project Features: Cash-Out Refinance $3,500,000 Permanent Loan 7 Year Term with 25 Year amortization at 4.15% fixed rate RPC closed a $3,500,000 refinance of an 87,000 square foot industrial/flex building located in Norristown, PA. The loan carries a seven year term fixed at a rate of 360 basis points over the 7-year treasury (rate was
Industrial/Flex Building | Norristown, 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: Permanent Refinance $14,000,000 Permanent Loan RPC arranged first mortgage financing to refinance a 133,444 square foot retail/office complex in Greenville, Delaware. This financing was underwritten at a 50% LTV and the loan was a fully amortizing 20-year term and featured no escrows or reserves.
Retail/Office Complex | Greenville, DE 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 »
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
Temple University Student Housing | Philadelphia, PA Read More »
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
Parking Garage with Ground Floor Retail | Philadelphia, PA Read More »
