Nathan Mann Secures $2.575 Million Refinance Loan For 12-Unit Multifamily Conversion In Philadelphia

The property involved in this transaction is a multifamily asset located at 6012 Ridge Avenue in Philadelphia, featuring 12 units. The loan amount for the refinance is $2,575,000, with terms aimed at converting a historic estate into a multifamily dwelling.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,575,000
• Loan Type: Refinance
• Loan Terms: Historic Estate to Multifamily Conversion
• Lender: Wesley Carpenter, Callahan Healy & Kyle Shea - Stormfield Capital
• Landlord: Nathan Mann
• Broker: Abe Mann - Mann Capital Advisors

This transaction is facilitated by key individuals such as Nathan Mann, serving as the landlord, and Abe Mann from Mann Capital Advisors, who represents the broker in this deal. The involvement of Wesley Carpenter, Callahan Healy, and Kyle Shea from Stormfield Capital highlights the level of expertise represented in the financing of this multifamily property.