Updated Mar 11, 2025
Arranges $7M Bridge Loan For Multifamily Property On Cecil B Moore Ave
3002 Cecil B Moore Avenue
$7,000,000
Units
50
Asset Type
MultiFamily
Closing
Feb 1, 2024
About this deal
AI
The property involved in this transaction is a multifamily building located at 3002 Cecil B Moore Avenue in Philadelphia, PA. It consists of 50 units. The transaction took place on 02/01/2024.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Loan Type: Bridge
The deal was facilitated by Asher Bittman from . He acted as the broker representing the parties involved in the transaction.
The multifamily loan at 3002 Cecil B Moore Avenue in Philadelphia, Pennsylvania financed for $7M in 2024. Reported inventory is 50 units across 50 units. Asher Bittman, Sheridan Capital appear on the loan alongside Sheridan Capital. This page is the Philadelphia, Pennsylvania file for the 3002 Cecil B Moore Avenue multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Philadelphia sit in the Market section below. Filter that Philadelphia multifamily set by closing date to see what else financed near 3002 Cecil B Moore Avenue around 2024. Published consideration for 3002 Cecil B Moore Avenue is $7M, dated 2024. Cite this Arranges $7M Bridge Loan For Multifamily Property On Cecil B Moore Ave loan when underwriting similar multifamily product around Philadelphia, Pennsylvania.
On the Map
$7,000,000
MultiFamily
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Players
Philadelphia MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93