FBRE Capital Acquires Multifamily Property In Harrisburg, PA For $27M With Brokers Thomas Fuchsman & Solomon Birnbaum | 660 Boas Street | Thomas Fuchsman, Solomon Birnbaum | MultiFamily | Loan

Summary

Loan

PENNSYLVANIA

MultiFamily

267,000 sqft

A multifamily property located at 660 Boas Street in Harrisburg, PA has recently been involved in a closed transaction. The deal was facilitated by brokers Thomas Fuchsman and Solomon Birnbaum from FBRE Capital. The property consists of 360 units.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $27,000,000
Loan Amount: $27,000,000
Loan Terms: 2.77% Fixed Rate, 7 yr I/O

The transaction involved a loan amount of $27,000,000 with a fixed interest rate of 2.77% and a term of 7 years with interest-only payments. The term sheet for the deal was signed on March 4th and the transaction was closed on May 6th.

Players

All
2

Agents
2

Thomas Fuchsman

Chief Executive Officer

Solomon Birnbaum

President

Details

Deal Summary

FINANCED

IMAGE: Thomas Fuchsman & Solomon Birnbaum DATE: 05/06/2020 ADDRESS: 660 Boas Street MARKET: Harrisburg, PA ASSET TYPE: Multifamily BROKERS: Thomas Fuchsman, Solomon Birnbaum – FBRE Capital LOAN AMOUNT: $27,000,000 LOAN TERMS: 2.77% Fixed Rate, 7 yr I/O UNITS: 360 NOTE: Term sheet signed March 4th. Deal closed May 6th. Solomon Birnbaum & Thomas Fuchsman (Fuchsman […]

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Address660 Boas Street

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