WelcomeLend Acquires Multifamily Property In Philadelphia For $45.6M | 3417 West Indiana Avenue | Debt Fund | Joshua Dormody, Cameron Huard | MultiFamily | Loan

Summary

Loan

PENNSYLVANIA

MultiFamily

174,306 sqft

A construction loan has been secured for a multifamily property located at 3417 W. Indiana Ave. in Philadelphia. The property spans approximately 174,306 square feet and consists of 177 units. The transaction took place on March 31, 2022.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $45,600,000
Address: 3417 W. Indiana Ave., Philadelphia
Market: Philadelphia
Square Footage: 174,306
Units: 177

The lender for this construction loan is Debt Fund, while the landlord is SPE. The deal was facilitated by Joshua Dormody and Cameron Huard of WelcomeLend, who represented the buyer and seller in the transaction.

Players

All
4

Agents
2
Agencies
1
Lenders
1

Joshua Dormody

Associate Vice President

Cameron Huard

Managing Partner

Curated Real Estate Capital

Debt Fund

Details

Deal Summary

FINANCED

IMAGE: Cameron Huard & Joshua Dormody DATE: 03/31/2022 ADDRESS: 3417 W. Indiana Ave. MARKET: Philadelphia ASSET TYPE: Multifamily ~ SF: 174,306 ~ UNITS: 177 LENDER: Debt Fund LANDLORD: SPE BROKERS: Joshua Dormody (@JoshuaDormody) & Cameron Huard (@CamHuard) - WelcomeLend LOAN AMOUNT: $45,600,000 LOAN TYPE: Construction

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Address3417 West Indiana Avenue

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