Updated Mar 11, 2025
360 Capital Funding Provides $8.35 Million Bridge Loan For Industrial Property Acquisition In Philadelphia
1600 Carpenter Street
$8,350,000
$238/SF
Building Size
35,000 SF
Asset Type
Industrial
Closing
Jul 28, 2022
About this deal
AI
The industrial property located at 1600 Carpenter St. in Philadelphia, PA has recently been involved in a loan transaction. The property spans approximately 35,000 square feet and is owned by Streamline.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,350,000
- Date: 07/28/2022
- Market: Philadelphia, PA
The loan for this property was provided by 360 Capital Funding, with Jared Berkey and Andrew Waldman representing the lender. The loan amount was $8,350,000 and it was of the bridge type. The transaction was facilitated by Israel Leiner from Meridian Capital Group, who represented the broker's side.
Players
Philadelphia Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit Israel Leiner to view all their deals.
Browse Philadelphia industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93