facebook

traded

+ Submit
Home

/

Deals

/

Pennsylvania

/

Multifamily

/

Loan

/

4701 Pine Street

Dave Berg, Steve Kassin & Daniel Gluck Secure $96M Refinance Loan For Multifamily At 4701 Pine Street
FINANCEDMultiFamily

Dave Berg, Steve Kassin & Daniel Gluck Secure $96M Refinance Loan For Multifamily At 4701 Pine Street

4701 Pine Street

$96,000,000

Building Size

Asset Type

MultiFamily

Closing

Sep 8, 2025

AI

The asset involved in this transaction is a multifamily property located at 4701 Pine Street in Philadelphia. The loan amount for this refinance transaction is $96,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $96,000,000
  • Lender: New York Life Investors
  • Landlord: Dave Berg, Steve Kassin & Daniel Gluck - Infinity Collective
  • Title Insurance: Jim Reichert - Kensington Vanguard National Land
  • Transaction Date: 09/09/2025

This transaction involved key individuals such as Dave Berg, Steve Kassin, and Daniel Gluck representing the landlord under the Infinity Collective. Jim Reichert provided title insurance through Kensington Vanguard National Land.

Players

Jim Reichert

Kensington Vanguard National Land Services

Broker

$275.9M

vol

7 deals

Broker
KS
Kensington Vanguard National Land ServicesBrokerage

Daniel Gluck

Infinity Collective

Landlord

$211.9M

vol

4 deals

Landlord
IC
Infinity CollectiveLandlord

Philadelphia MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93