Updated Oct 28, 2024
Urban Standard Capital Provides $1.95M Loan For Mixed-Use Property In Philadelphia
2015 Walnut Street, Philadelphia, PA, USA
$1,950,000
$306/SF
Building Size
6,354 SF
Asset Type
Mixed-use
Closing
Aug 11, 2021
About this deal
AI
A mixed-use property located at 2015 Walnut Street in Philadelphia, PA recently closed a transaction involving a loan. The lender, Urban Standard Capital represented by Seth Weissman, Charlie Brosens, and Sam Hollander, provided a loan amount of $1,950,000. The property is owned by Conway Capital.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,950,000
- Address: 2015 Walnut Street, Philadelphia, PA
- Market: Philadelphia, PA
For any new debt opportunities, interested parties can reach out to Urban Standard Capital through Charlie Brosens at [email protected] or Sam Hollander at [email protected].
Players
Philadelphia Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93