SCOPE Capital Group Secures $6M Refinance Loan For Mixed-Use Property In Philadelphia

The mixed-use property located at 1868 Frankford Avenue in Philadelphia, PA has recently undergone a refinancing transaction. The property spans an area of 42,000 square feet and is owned by Bridesburg Properties.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $6,000,000
• Loan Type: Refinance
• Loan Terms: 10-Year Fixed-Rate | 30-Year Amortization | 12-Month Interest Only | 90-Day Rate Lock - 5.24%

The refinancing deal for this property was facilitated by Matthew Rosenberg and Craig Thom of SCOPE Capital Group. They represented the borrower in securing a loan amount of $6,000,000 with favorable terms, including a 10-year fixed-rate and a 30-year amortization schedule. The loan also allowed for a 12-month interest-only period and had a 90-day rate lock at a rate of 5.24%.