Neal Colligan Of Largo Capital Secures $19M Loan For Refinancing 172-Unit Multifamily Property In Willow Grove

A multifamily property located at 3505 West Moreland Road in Willow Grove, PA includes 172 units. The property secured long-term refinancing through a permanent loan arrangement. The transaction highlights lender interest in stabilized suburban apartments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,000,000
• Address: 3505 West Moreland Road
• Market: Willow Grove, PA
• Units: 172
• Broker: Neal Colligan - Largo Capital

This financing arrangement involved a $19 million loan arranged by Largo Capital, with Neal Colligan sourcing the debt. The identities of the lender and borrower remain undisclosed.