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1911 Walnut Street

Southern Land Company Secures $33M Refinance Loan From Northwind Group For Philadelphia Condo
FINANCEDCondo

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

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.

Players

Nick Scribani

Newmark

Broker

$57.6B

vol

202 deals

Broker
Newmark
NewmarkBrokerage
Northwind Group
Northwind GroupLender

Philadelphia Condo Market Snapshot

Boundary boundary · Condo · Loan transactions

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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