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Invesco Real Estate & Webster Bank Provide $76.8M Loan For Development Site In Philadelphia

9801 Blue Grass Road
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This Development Site property located in PA received a loan of $76,800,000 over 1 year ago. The brokers of the deal were Aaron Appel, Jonathan Schwartz, Keith Kurland, and Adam Schwartz

The development site located at 9801 Blue Grass Road in Philadelphia has been involved in a recent closed property transaction. The site spans 21.3 acres and has a building square footage (BSF) of 282,737.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $76,800,000
  • Address: 9801 Blue Grass Road, Philadelphia
  • Market: Philadelphia
  • BSF: 282,737
  • Acres: 21.3

In this transaction, the loan amount of $76,800,000 was provided by Invesco Real Estate and Webster Bank. The landlord of the property is DH Property Holdings. The brokers involved in the deal include Aaron Appel, Jonathan Schwartz, Keith Kurland, and Adam Schwartz from Walker & Dunlop.

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Deals
  • Location
    9801 Blue Grass Road, Philadelphia, Pennsylvania 19114, United States9801 Blue Grass Road, Philadelphia, Pennsylvania 19114, United States
  • Loan Value
    $76,800,000$76,800,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    4 Brokers, 1 Agency, 2 Lenders4 Brokers, 1 Agency, 2 Lenders

Agents

Keith Kurland

Keith Kurland

Deals79
Financed$12.4B

Adam Schwartz

Adam Schwartz

Deals72
Financed$10.6B

Aaron Appel

Aaron Appel

Deals90
Financed$14.6B

Agency

Walker & Dunlop

Walker & Dunlop

Agency
Deals606
Volume$74.9B

Webster Bank

Webster Bank

Lender
Deals31
Volume$ 85.3B

Invesco Real Estate

Invesco Real Estate

Lender
Deals8
Volume$ 378.9B

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Deal Summary

LOAN IMAGE: Aaron Appel, Jonathan Schwartz, Keith Kurland & Adam Schwartz DATE: 09/06/2022 ADDRESS: 9801 Blue Grass Road MARKET: Philadelphia ASSET TYPE: Development Site ~ BSF: 282,737 ~ ACRES: 21.3 LENDER: Invesco Real Estate & Webster Bank LANDLORD: DH Property Holdings BROKERS: Aaron Appel, Jonathan Schwartz (@JonSchwartz), Keith Kurland @BeefyAppleSeed) & Adam Schwartz - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $76,800,000

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9801 Blue Grass Road

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