FINANCED
SCOPE Capital Group Secures $6M Refinance Loan For Mixed-Use Property In Philadelphia
1868 frankford avenue
Mixed-use
42,000 SF
42,000 SF
Financed 1 year ago
Summary
Loan
PENNSYLVANIA
Mixed-use
42,000 sqft
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%.
Players
All
3
Agents
2
Agencies
1
Details
FINANCED
IMAGE: Matthew Rosenberg & Craig Thom
DATE: 01/06/2023
ADDRESS: 1868 Frankford Avenue
MARKET: Philadelphia, PA
ASSET TYPE: Mixed-Use ~ SF: 42,000
LANDLORD: Bridesburg Properties
BROKERS: Matthew Rosenberg (@ScopeCapitalGroup) & Craig Thom - SCOPE Capital Group (@ScopeCRE)
LOAN 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%View on map
Loading...
Address1868 frankford avenue
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want