FINANCEDMultiFamily
Akiva Drew Of Drew Capital Secures $4.97M Loan For Philadelphia Multifamily Acquisition
1822 Benton Avenue
$4,970,000
Building Size
—
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
Loading comparables…
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