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 closed the loan in 3 weeks.