360 Capital Funding Provides $8.35 Million Bridge Loan For Industrial Property Acquisition In Philadelphia
FINANCED
$8,350,000
Pennsylvania
See Similar DealsIndustrial35,000 SF
Financed 07/28/2022
FINANCED
360 Capital Funding Provides $8.35 Million Bridge Loan For Industrial Property Acquisition In Philadelphia
1600 Carpenter Street
See Similar DealsIndustrial35,000 SF
Financed 07/28/2022
Summary
PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$238
Total Square Footage:35,000 SF
Transaction Type:Loan
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
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
$8,350,000.00
Monthly NOI$55,666.67
Monthly Debt Service$52,777.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions