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

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FINANCED
$8,435,000
Brad Domenico
+ 1

Pennsylvania

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Mixed-use32,095 SF
Financed 01/20/2023
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FINANCED

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

330 Cecil B Moore Avenue

See Similar Deals
Mixed-use32,095 SF
Financed 01/20/2023
Brad Domenico
+ 1
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Summary

PENNSYLVANIA
Asset Type:Mixed-use
Price Per Square Foot:$262
Total Square Footage:32,095 SF
Transaction Type:Loan

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
134 deals$3.6B volume
BROKER

Frank Stanislaski
Cushman & Wakefield
56 deals$914.2M volume
BROKER


9 deals$142.3M volume
BROKER

LENDER

9 deals$142.3M volume
LANDLORD

2 deals$23.7M volume
LANDLORD

Details

FINANCED
IMAGE: Brad Domenico & Frank Stanislaski DATE: 01/20/2023 ADDRESS: 330 Cecil B Moore Avenue MARKET: Philadelphia, PA ASSET TYPE: Mixed-Use ~ SF: 32,095 LENDER: TriState Capital LANDLORD: Hudson Properties - Amir Ben-Yohanan & Abraham Gagin-West BROKERS: Brad Domenico (@Domenico317) & Frank Stanislaski (@FStanisl) - Progress Capital (@Progress.Capital) LOAN AMOUNT: $8,435,000 LOAN TYPE: Refinance -Yohanan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,435,000.00

Monthly NOI$56,233.33
Monthly Debt Service$53,314.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00