Residential

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, […]

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

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