FINANCED
Alterra Property Group Secures $150 Million Loan For Mixed-Use Property On North Broad Street
510 North Broad Street
Mixed-use
Financed 1 year ago
Summary
Loan
PENNSYLVANIA
Mixed-use
Alterra Property Group has secured a five-year, floating-rate financing worth $150,000,000 for a mixed-use property located at 510 North Broad Street in Philadelphia, Pennsylvania. The property comprises 410 units and is owned by Alterra Property Group.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $150,000,000
- Address: 510 North Broad Street
- Market: Philadelphia, Pennsylvania
- Units: 410
The financing was provided by natixis''>Natixis Corporate & Investment Banking. Representing the transaction were Kelly Gaines, Chad Orcutt, and Blaine Fleming from JLL Capital Markets.
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4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Kelly Gaines, Chad Orcutt & Blaine Fleming
DATE: 09/20/2022
ADDRESS: 510 North Broad Street
MARKET: Philadelphia, Pennsylvania
ASSET TYPE: Mixed-use ~ UNITS: 410
LENDER: Natixis Corporate & Investment Banking
LANDLORD: Alterra Property Group (@AlterraProp)
BROKERS: Kelly Gaines, Chad Orcutt & Blaine Fleming - JLL Capital Markets
LOAN AMOUNT: $150,000,000
LOAN TERMS: five-year, floating-rate financingView on map
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Address510 North Broad Street
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