Progress Capital Arranges $8.4M Refinance Loan For Mixed-Use Property In Philadelphia
330 Cecil B Moore Avenue
$8,435,000
$262/SF
Building Size
32,095 SF
Asset Type
Mixed-use
Closing
Jan 20, 2023
AI
The mixed-use property located at 330 Cecil B Moore Avenue, Philadelphia, PA, has undergone a refinancing transaction. The property spans an area of 32,095 square feet and is owned by Hudson Properties, represented by Amir Ben-Yohanan & Abraham Gagin-West. The loan for this transaction was provided by TriState Capital in the amount of $8,435,000.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $8,435,000
- Address: 330 Cecil B Moore Avenue, Philadelphia, PA
- Market: Philadelphia, PA
- Landlord: Hudson Properties - Amir Ben-Yohanan & Abraham Gagin-West
- Lender: TriState Capital
- Brokers: Brad Domenico & Frank Stanislaski - Progress Capital
Brad Domenico and Frank Stanislaski from Progress Capital played a crucial role as brokers in facilitating the refinancing deal for the property at 330 Cecil B Moore Avenue, Philadelphia, PA. They ensured a smooth transaction process and represented the interests of all parties involved.
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
1.88%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93