SC Capital Secures $6.3M Non-Recourse Loan From Arbor Realty Trust For 46-Unit Multifamily Property
Pennsylvania
See Similar DealsSC Capital Secures $6.3M Non-Recourse Loan From Arbor Realty Trust For 46-Unit Multifamily Property
504 Woodland Avenue
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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.
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