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

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:

• Property Type: Multifamily
• Transaction Amount: $4,150,000
• Loan Type: Regional bank
• Loan Terms: Rate: 5.64%, Spread: 1.8%, LTV: 42%, Term: 3 Years
• Landlord's Representative: Darragh Griffin & Quinn Keenan - Essex Capital Markets

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.