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2015 Walnut Street, Philade...

Updated Oct 28, 2024

Urban Standard Capital Provides $1.95M Loan For Mixed-Use Property In Philadelphia
FINANCEDMixed-use

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

Alan Krawitz

Global Real Estate Advisors (GREA)

Broker

$250M

vol

22 deals

Broker
Urban Standard Capital
Urban Standard CapitalLender
Conway Capital
Conway CapitalLandlord

Philadelphia Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $306 per square foot on a published $2M for 6,354 square feet (2021).

Visit Alan Krawitz to view all their deals.

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

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