Invesco Real Estate & Webster Bank Provide $76.8M Loan For Development Site In Philadelphia
FINANCED
$76,800,000
+ 1
Pennsylvania
See Similar DealsDevelopment Site282,737 SF
Financed 09/06/2022
FINANCED
Invesco Real Estate & Webster Bank Provide $76.8M Loan For Development Site In Philadelphia
9801 Blue Grass Road, Philadelphia, Pennsylvania 19114, United States
See Similar DealsDevelopment Site282,737 SF
Financed 09/06/2022
+ 1
Summary
PENNSYLVANIA
Asset Type:Development Site
Price Per Square Foot:$271
Total Square Footage:282,737 SF
Transaction Type:Loan
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.
Players
LENDER
LENDER
LANDLORD
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$76,800,000.00
Monthly NOI$512,000.00
Monthly Debt Service$485,428.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions