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
Philadelphia MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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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