Clifford Lasky & Frank Kumas Refinance Ben Franklin Residences Multifamily For $9.5M

Ben Franklin Residences and Frank Kumas are the landlords of a multifamily property in Philadelphia, PA. The property was involved in a refinance transaction with a loan amount of $9,500,000. The loan terms included a 5-year fixed term, 5.88% interest rate, and a 70% loan-to-value ratio.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,500,000
• Market: Philadelphia, PA
• Asset Type: Multifamily
• Landlord: Clifford Lasky - Ben Franklin Residences & Frank Kumas
• Brokers: Rocky Kelemer & Michael Hess - Meridian Capital Group
• Loan Type: Refinance
• Loan Terms: 5yr Fixed, 5.88%, 70% LTV

Ricky Kelemer and Michael Hess of Meridian Capital Group represented the parties involved in the loan transaction alongside Clifford Lasky.