Updated Sep 24, 2025
Southern Land Company Secures $33M Refinance Loan From Northwind Group For Philadelphia Condo
1911 Walnut Street
$33,000,000
Building Size
—
Asset Type
Condo
Closing
Sep 2, 2025
About this deal
AI
The asset involved in this transaction is a condo located at 1911 Walnut Street in Philadelphia, PA. The loan amount for this property is $33,000,000, under a refinance loan type.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $33,000,000
- Lender: Northwind Group
- Landlord: Southern Land Company
- Broker: Nick Scribani - Newmark
- Transaction Date: 9/3/2025
This transaction involved key players including Nick Scribani from Newmark, who represented the landlord in this deal. The lender, Northwind Group, facilitated the refinance, contributing to the funding required for this transaction.
On the Map
$33,000,000
Condo
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Players
Philadelphia Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93