Alterra Property Group Secures $150 Million Loan For Mixed-Use Property On North Broad Street

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.