LendingOne Provides $270,000 Loan For Philadelphia Multifamily Property On West Coulter St
300 West Coulter St
$270,000
$74/SF
Building Size
3,642 SF
Asset Type
MultiFamily
Closing
Sep 28, 2022
AI
The property involved in this transaction is a MultiFamily asset located at 300 West Coulter St in Philadelphia. The loan amount secured for this asset is $270,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $270,000.00
- Lender: LendingOne
- Date of Loan: 09/28/2022
- Broker: Michael J. Gefter
This transaction was facilitated by broker Michael J. Gefter, who represented the involved parties in this loan agreement with LendingOne. The transaction took place in the Philadelphia market, specifically for a residential multi-family property.
Players
Philadelphia MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
58.75%
Cash-on-Cash
-16.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93