Post Brothers Secures $178M Loan From Lionheart For MultiFamily In Philadelphia
FINANCED
$178,000,000
Pennsylvania
See Similar DealsMultiFamily
Financed 06/30/2021
FINANCED
Post Brothers Secures $178M Loan From Lionheart For MultiFamily In Philadelphia
1001 N 2nd St, Philadelphia, PA, 19123
See Similar DealsMultiFamily
Financed 06/30/2021
Summary
PENNSYLVANIA
Asset Type:MultiFamily
Transaction Type:Loan
The property at 1001 N 2nd St in Philadelphia, PA, 19123 is a MultiFamily asset. The loan for this property was closed on 06/30/2021 with a total amount of $178,000,000.00. The borrower, Post Brothers, obtained the loan from Lionheart Strategic Management, with Russell Schildkraut from Ackman-Ziff representing the borrower.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $178,000,000.00
- Market: Philadelphia
Russell Schildkraut from Ackman-Ziff served as the Borrower's Representative in this transaction, working on behalf of Post Brothers. Lionheart Strategic Management provided the loan to finance the property at 1001 N 2nd St. The deal, which took place in Philadelphia, involves a significant amount in the MultiFamily sector.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$178,000,000.00
Monthly NOI$1,186,666.67
Monthly Debt Service$1,125,081.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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