FINANCEDMultiFamily
Akiva Drew Of Drew Capital Secures $4.97M Loan For Philadelphia Multifamily Acquisition
1822 Benton Avenue
$4,970,000
Units
57
Asset Type
MultiFamily
Closing
Jun 29, 2025
AI
This multifamily asset, located at 1822 Benton Avenue in Philadelphia, comprises 57 units. The acquisition loan amount for this transaction is $4,970,000, reflecting its valuation in the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,970,000
- Loan Type: Acquisition
- Broker: Akiva Drew - Drew Capital
- Transaction Date: 06/30/2025
Akiva Drew from Drew Capital represents the lender in this acquisition deal, handling the transaction aspects effectively to ensure completion.
Players
Drew CapitalBrokerage
Philadelphia MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.19%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93