Akiva Drew Of Drew Capital Secures $4.97M Loan For Philadelphia Multifamily Acquisition
FINANCED
$4,970,000
Pennsylvania
See Similar DealsMultiFamily
Financed 06/30/2025
FINANCED
Akiva Drew Of Drew Capital Secures $4.97M Loan For Philadelphia Multifamily Acquisition
1822 Benton Avenue
See Similar DealsMultiFamily
Financed 06/30/2025
Summary
PENNSYLVANIA
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,970,000.00
Monthly NOI$33,133.33
Monthly Debt Service$31,413.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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