facebook
Traded Co logo
Submit a Deal
1911 Walnut Street
FINANCED

Southern Land Secures $70M Loan For The Laurel Rittenhouse Square In Philadelphia

1911 Walnut Street

MultiFamily
clock iconFinanced 232 days ago
Marshall Dickson
Benjamin (Ben) Kroll
Dustin Stolly
+ 5
the dealplayerscompscontact
share iconContact now

Summary

Loan
PENNSYLVANIA
MultiFamily

Southern Land Company has secured $70 million in financing for its 48-story residential tower, The Laurel Rittenhouse Square, located at 1911 Walnut Street in Philadelphia. The loan, provided by Northwind Group, will enable the completion of condo sales in the city's tallest residential tower. So far, 34 out of the 65 units have been sold.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $70,000,000
  • Address: 1911 Walnut Street
  • Market: Philadelphia
  • Units: 65

The Laurel Rittenhouse Square, a 48-story residential tower, is being developed by Southern Land Company and financed by the Northwind Group. The project has already completed the sale of 34 out of its 65 units, indicating strong buyer interest. The tower is set to become an iconic landmark in Philadelphia's skyline.

Players

  • All

    9

  • Agents

    7

  • Agencies

    1

  • Lenders

    1

Marshall Dickson's profile picture
Marshall Dickson
Newmark-image
Analyst, Debt and Structured Finance
Benjamin (Ben) Kroll's profile picture
Benjamin (Ben) Kroll
Newmark-image
Analyst, Debt and Structured Finance
Dustin Stolly's profile picture
Dustin Stolly
Newmark-image
Co-President, Debt & Structured Finance
$5.1B Sold
Christopher (Chris) Kramer's profile picture
Christopher (Chris) Kramer
Newmark-image
Executive Managing Director
$2.4B Sold
Jordan (Jordy) Roeschlaub's profile picture
Jordan (Jordy) Roeschlaub
Newmark-image
Co-President, Debt & Structured Finance
$4.8B Sold
Nick Scribani's profile picture
Nick Scribani
Newmark-image
Executive Managing Director
$3.2B Sold
Michael Dorfman's profile picture
Michael Dorfman
Newmark-image
Analyst
Newmark's profile picture
Newmark
Newmark
Northwind Group's profile picture
Northwind Group
Northwind Group

Details

Deal Summary
minus icon
FINANCED
IMAGE: Ran Eliasaf, Tim Downey, Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, Ben Kroll, Michael Dorfman & Marshall Dickson DATE: 09/14/2023 ADDRESS: 1911 Walnut Street MARKET: Philadelphia ASSET TYPE: Multifamily ~ UNITS: 65 LENDER: Northwind Group - Ran Eliasaf LANDLORD: Southern Land Company (@southernlandcompany) - Tim Downey BROKERS: Dustin Stolly, Jordan Roeschlaub (@JordyRoeschlaub), Nick Scribani (@ScribSays), Chris Kramer, Ben Kroll, Michael Dorfman & Marshall Dickson - Newmark (@Newmark) LOAN AMOUNT: $70,000,000 LOAN TYPE: Refinace NOTE: Southern Land Company has secured $70 million in financing for its 48-story residential tower, The Laurel Rittenhouse Square, in Philadelphia. Northwind Group provided the loan, enabling the completion of condo sales in the city's tallest residential tower, where 34 out of 65 units have been sold so far.

View on map

Loading...

Address1911 Walnut Street

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want