IBorrow Provides $52M Loan For Student Housing In Philadelphia
FINANCED
$52,000,000
Pennsylvania
See Similar Deals6,298 SF
Financed 02/21/2022
FINANCED
IBorrow Provides $52M Loan For Student Housing In Philadelphia
1601 North 15th Street, Philadelphia, Pennsylvania 19121, United States
See Similar Deals6,298 SF
Financed 02/21/2022
Summary
PENNSYLVANIA
Price Per Square Foot:$8,256
Total Square Footage:6,298 SF
Transaction Type:Loan
The student housing located at 1601 N 15th St in Philadelphia has been involved in a recent closed property transaction. The property consists of 798 beds, making it a significant asset in the student housing market.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $52,000,000
- Address: 1601 N 15th St, Philadelphia
- Market: Philadelphia
- Asset Type: Student Housing
- Beds: 798
The lender involved in the transaction is iborrow''>iBorrow, represented by Brian Good. They provided a loan amount of $52,000,000 for the student housing property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$52,000,000.00
Monthly NOI$346,666.67
Monthly Debt Service$328,675.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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