Sean Robertson And Jeff Rosenfeld Provide $22 Million Construction Loan For 1212 North Delaware Avenue Development

A construction loan has been provided for The Fairman, an 86-unit multifamily project located at 1212 North Delaware Avenue in Philadelphia, PA, within the Fishtown submarket. The project will feature a mix of studio, 1-bedroom, and 2-bedroom units, along with a retail space, and is financed with a loan amount of $22,000,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $22,000,000
• Lender: Sean Robertson & Jeff Rosenfeld - North River Partners & Crestline Investors
• Landlord: Mihir Kothari - PCG Investment
• Loan Type: Construction

The financing for this project reflects a collaboration between North River Partners and Crestline Investors, aimed at developing a multifamily residence that combines living spaces with commercial retail avenues. The involvement of Mihir Kothari from PCG Investment underscores the commitment towards enhancing the community's living and commercial environment.