Bravo Capital Refinances Multifamily Property In Philadelphia For $14.1M
FINANCED
$14,100,000
Pennsylvania
See Similar DealsMultiFamily55,000 SF
Financed 02/23/2024
FINANCED
Bravo Capital Refinances Multifamily Property In Philadelphia For $14.1M
40 South 2nd Street
See Similar DealsMultiFamily55,000 SF
Financed 02/23/2024
Summary
PENNSYLVANIA
Asset Type:MultiFamily
Price Per Square Foot:$256
Total Square Footage:55,000 SF
Transaction Type:Loan
The multifamily property located at 40 S 2nd St. in Amble Philadelphia spans 55,000 square feet and comprises 61 units. The loan for this property was secured from Bravo Capital for a total amount of $14,100,000. The property is owned by Parkway Corporation in the market of Philadelphia, PA.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $14,100,000
- Units: 61
- Lender: Bravo Capital
- Landlord: Parkway Corporation
- Broker: Aaron Krawitz - Bravo Capital
Aaron Krawitz from Bravo Capital acted as the broker in facilitating the loan for this multifamily property deal in Philadelphia. The transaction involved the collaboration of Bravo Capital as the lender and Parkway Corporation as the landlord.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,100,000.00
Monthly NOI$94,000.00
Monthly Debt Service$89,121.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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