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Darragh Griffin & Quinn Keenan Of Essex Capital Markets Secures $4.15M Loan For 43-Unit Multifamily In Philadelphia

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FINANCED
$4,150,000

Pennsylvania

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MultiFamily1 SF
Financed 04/17/2025
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FINANCED

Darragh Griffin & Quinn Keenan Of Essex Capital Markets Secures $4.15M Loan For 43-Unit Multifamily In Philadelphia

4070 Haverford Avenue

See Similar Deals
MultiFamily1 SF
Financed 04/17/2025
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Summary

PENNSYLVANIA
Asset Type:MultiFamily
Price Per Square Foot:$4,150,000
Total Square Footage:1 SF
Transaction Type:Loan

The property involved in this transaction is a multifamily asset located at 4070 Haverford Avenue in the Philadelphia market, featuring a total of 43 units. The loan amount secured for this property is $4,150,000, provided by a regional bank. The loan terms include a rate of 5.64%, a spread of 1.8%, a loan-to-value ratio of 42%, and a term of 3 years.

Summary of transaction details:

The key individuals involved in the transaction are Darragh Griffin and Quinn Keenan, who represent the landlord in this deal through Essex Capital Markets. Their involvement signifies the brokerage support necessary for facilitating this loan arrangement.

Players

Darragh Griffin
6 deals$91.9M volume(312) 730-3728
BROKER

Quinn Keenan
Essex Capital Markets
20 deals$166.6M volume(312) 914-8855
BROKER

Details

FINANCED
IMAGE: Darragh Griffin & Quinn Keenan DATE: 4/17/2025 ADDRESS: 4070 Haverford Avenue MARKET: Philadelphia ASSET TYPE: Multifamily ~ UNITS: 43 LANDLORD'S REP: Darragh Griffin & Quinn Keenan - Essex Capital Markets LOAN AMOUNT: $4,150,000 LOAN TYPE: Regional bank LOAN TERMS: Rate: 5.64% Spread: 1.8% LTV: 42% Term: 3 Years

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,150,000.00

Monthly NOI$27,666.67
Monthly Debt Service$26,230.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00