LMF Commercial Refinances Mixed-Use Property In Rittenhouse Square, PA For $2.7M

Located in Rittenhouse Square, PA, the mixed-use property at 2015 Walnut St. has been involved in a recent loan transaction. The property spans an impressive 6,750 square feet, making it a desirable asset in the area.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $2,700,000
• Address: 2015 Walnut St.
• Market: Rittenhouse Square, PA
• Loan Type: Refinance
• Loan Terms: CMBS with a 10-year fixed rate and full term interest-only

The loan, valued at $2,700,000, was obtained from LMF Commercial, a subsidiary of Lennar Corporation, with Nihad Choudhury serving as the lender's representative. The refinance loan has CMBS terms, including a fixed rate for 10 years and full term interest-only payments.

In this transaction, the landlord is Conway Capital, represented by Abe Cohen. The broker involved in the deal is Robert Tobias, who represents RJT Capital Partners.