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330 Cecil B Moore Avenue

Progress Capital Arranges $8.4M Refinance Loan For Mixed-Use Property In Philadelphia
FINANCEDMixed-use

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

Brad Domenico

Cushman & Wakefield

Broker

$3.7B

vol

135 deals

Broker
TC
TriState CapitalLender

Abraham Gagin

Landlord

$142.3M

vol

9 deals

Landlord

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