WelcomeLend Arranges $33.1M Construction Loan For Multifamily Property In Philadelphia, PA

7619 Germantown Avenue, Philadelphia, Pennsylvania 19119, United States

$33,100,000

$362/SF

Building Size

91,411 SF

Asset Type

MultiFamily

Closing

Feb 27, 2022

AI

The property involved in this transaction is a multifamily asset located at 7619 Germantown Ave in Philadelphia, PA. The property has a total square footage of 91,411 and consists of 114 units.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $33,100,000
Address: 7619 Germantown Ave
Market: Philadelphia, PA
Square Footage: 91,411
Units: 114
Lender: Debt Fund
Landlord: SPE
Brokers: Joshua Dormody - WelcomeLend, Cameron Huard - WelcomeLend
Loan Type: Construction Loan

The loan amount for this transaction is $33,100,000, and the loan type is a construction loan. The broker representatives involved in the deal are Joshua Dormody from WelcomeLend and Cameron Huard from WelcomeLend.

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