JLJ Capital Provides $16.9M Construction Loan For 945 Frankford Avenue In Philadelphia
FINANCED
$16,900,000
Pennsylvania
See Similar DealsMixed-use
Financed 03/26/2024
FINANCED
JLJ Capital Provides $16.9M Construction Loan For 945 Frankford Avenue In Philadelphia
945 Frankford Avenue
See Similar DealsMixed-use
Financed 03/26/2024
Summary
PENNSYLVANIA
Asset Type:Mixed-use
Transaction Type:Loan
Located at 945 Frankford Avenue in Philadelphia, PA, the mixed-use property involved in the transaction boasts a loan amount of $16,900,000 for construction purposes. The lender, JLJ Capital, provided funding for this project, with Archive Development acting as the landlord in the deal.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $16,900,000
- Loan Type: Construction
- Loan Terms: 18 months
- Lender: JLJ Capital
- Landlord: Archive Development
- Address: 945 Frankford Avenue
- Market: Philadelphia, PA
The transaction involved key individuals such as the lender, JLJ Capital, and the landlord, Archive Development. The loan terms for this deal are set at 18 months, reflecting a strategic investment in the mixed-use property.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,900,000.00
Monthly NOI$112,666.67
Monthly Debt Service$106,819.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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