Updated Aug 18, 2026
$8,218,344 Construction Loan Secured For Multifamily Property At 3503 Midvale Avenue Philadelphia
3503 Midvale Avenue
$8,218,344
$227/SF
Building Size
36,200 SF
Asset Type
MultiFamily
Closing
Jan 28, 2022
About this deal
AI
The asset involved in the transaction is a MultiFamily property located at 3503 Midvale Avenue in Philadelphia. The loan amount for this construction project is $8,218,344.00.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $8,218,344.00
- Loan Type: construction
- Date: 01/28/2022
- Market: Philadelphia
The loan transaction showcases the efforts of key individuals and companies in the real estate and finance sectors, who facilitated this significant deal. Their contributions align with the successful execution of this construction loan in Philadelphia.
The multifamily loan at 3503 Midvale Avenue in Philadelphia, Pennsylvania financed for $8.2M in 2022. The building is 36,200 square feet, implying about 227 per square foot on the published price. Joshua Dormody, Builders Capital appear on the loan alongside Builders Capital. This page is the Philadelphia, Pennsylvania file for the 3503 Midvale 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 3503 Midvale Avenue around 2022. Published consideration for 3503 Midvale Avenue is $8.2M, dated 2022. Cite this $8,218,344 Construction Loan Secured For Multifamily Property At 3503 Midvale Avenue Philadelphia loan when underwriting similar multifamily product around Philadelphia, Pennsylvania.
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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93