Arts & Crafts Holdings Secures $25 Million Construction Loan For Mixed-Use Property In Philadelphia

A mixed-use property located at 741 Spring Garden in Philadelphia was recently involved in a closed transaction. The property consists of 146 units and is owned by Arts + Crafts Holdings, represented by Aaron Z. Cohen. The deal was facilitated by the broker, Kawa Private Investments, with Daniel Ades as the representative.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $25,000,000 (Approx)
• Units: 146
• Address: 741 Spring Garden, Philadelphia
• Landlord: Arts + Crafts Holdings - Aaron Z. Cohen
• Broker: Kawa Private Investments - Daniel Ades
• Loan Type: Construction

The loan amount for the transaction was approximately $25,000,000. The loan type was construction, indicating that it was likely used for development or renovation purposes.