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3503 Midvale Avenue

$8,218,344 Construction Loan Secured For Multifamily Property At 3503 Midvale Avenue Philadelphia
FINANCEDMultiFamily

$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

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.

Players

Joshua Dormody
Verified Badge

Joshua Dormody

Inertia Capital

Broker

$78.7M

vol

2 deals

Broker
ML
MIDVALE COMMONS LLCBuyer

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