PCCP LLC Provides $62M Loan For Development Site In Philadelphia, PA
FINANCED
$62,000,000
+ 1
Pennsylvania
See Similar DealsDevelopment Site282,737 SF
Financed 05/06/2020
FINANCED
PCCP LLC Provides $62M Loan For Development Site In Philadelphia, PA
9801 Blue Grass Road, Philadelphia, PA, USA
See Similar DealsDevelopment Site282,737 SF
Financed 05/06/2020
+ 1
Summary
PENNSYLVANIA
Asset Type:Development Site
Price Per Square Foot:$219
Total Square Footage:282,737 SF
Transaction Type:Loan
Located at 9801 Blue Grass Road in Philadelphia, PA, this development site spans 21.3 acres. The property was involved in a closed transaction on 05/06/2021.
Summary of transaction details
- Asset Type: Development Site
- Loan Amount: $62,000,000
- Square Footage: 282,737 SF
PCCP LLC provided the loan for this transaction, while DH Property Holdings, represented by Dov Hertz, acted as the landlord. The deal was facilitated by brokers Aaron Appel, Keith Kurland, Adam Schwartz, and Jonathan Schwartz from Walker & Dunlop.
Players
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
$62,000,000.00
Monthly NOI$413,333.33
Monthly Debt Service$391,882.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions