SC Capital Secures $6.3M Non-Recourse Loan From Arbor Realty Trust For 46-Unit Multifamily Property

The asset involved in the transaction is a 46-unit multifamily property located at 504 Woodland Avenue in Morrisville, PA. The property was fully renovated, and the transaction involved a loan amount of $6,300,000 with non-recourse terms.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,300,000
• Address: 504 Woodland Avenue
• Market: Morrisville, PA
• Units: 46
• Lender: Arbor Realty Trust
• Landlord: SC Capital
• Broker: Jack Cortese - D2 Capital Advisors

D2 Capital Advisors facilitated the arrangement of the $6.3 million non-recourse Fannie Mae loan through Arbor Realty Trust. SC Capital secured this financing to enhance its suburban value-add strategy, contributing to its expanding portfolio in the Philadelphia area.