FINANCED
Peapack Gladstone Bank Provides $6.6M Line Of Credit For Multifamily Project On Walnut Street
4413 17 walnut street
MultiFamily
Financed 1 year ago
Summary
Loan
NATIONAL
MultiFamily
The development of a 30-unit multifamily project located at 4413-17 Walnut Street in Philadelphia, PA has been financed through a 3-year loan. The loan amount provided by Peapack Gladstone Bank totals $6,600,000 and is in the form of a Line of Credit. The terms of the loan include interest-only payments for the entire duration of the term.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,600,000
- Lender: Peapack Gladstone Bank
- Landlord: New Horizons Housing
- Broker: Emil DePasquale - Black Bear Capital Partners
Emil DePasquale of Black Bear Capital Partners represented the involved parties in this transaction.
Players
All
3
Agents
1
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Emil DePasquale
DATE: 01/26/2023
ADDRESS: 4413-17 Walnut Street
MARKET: Philadelphia, PA
ASSET TYPE: Multifamily
LENDER: Peapack Gladstone Bank
LANDLORD: New Horizons Housing
BROKER: Emil DePasquale - Black Bear Capital Partners (@BlackBearCapitalPartners)
LOAN AMOUNT: $6,600,000
LOAN TYPE: Line of Credit
LOAN TERMS: The development of the 30-unit multifamily project was financed with a 3-year loan and interest-only payments for the entirety of the term.View on map
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Address4413 17 walnut street
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