RWC Lending Provides $3.25 Million Loan For Multifamily Acquisition At 6724 Marshall Road
FINANCED
$3,250,000
Pennsylvania
See Similar DealsMultiFamily41,856 SF
Financed 08/19/2024
FINANCED
RWC Lending Provides $3.25 Million Loan For Multifamily Acquisition At 6724 Marshall Road
6724 Marshall Road
See Similar DealsMultiFamily41,856 SF
Financed 08/19/2024
Summary
PENNSYLVANIA
Asset Type:MultiFamily
Price Per Square Foot:$77
Total Square Footage:41,856 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily unit located at 6724 Marshall Road in Upper Darby - Philly. The asset comprises 50 units and has a total square footage of 41,856. The loan amount secured for this acquisition is $3,250,000, and it features a loan term of 5 years with full-term interest-only payments.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,250,000
- Loan Type: Acquisition
- Loan Terms: 5 Year, Full Term Interest Only Loan
- Lender: RWC Lending
- Brokers: Jacob Schmuckler & Meir Schlusselberg - Meridian Capital Group
This transaction was facilitated by brokers Jacob Schmuckler and Meir Schlusselberg, representing Meridian Capital Group. Their involvement was integral to the structuring and execution of this loan agreement, bridging the lender with the property asset transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,250,000.00
Monthly NOI$21,666.67
Monthly Debt Service$20,542.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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