ConnectOne Bank Provides $16.8M Loan For Multifamily Acquisition In Philadelphia With Landlord's Reps

The transaction involves a multifamily asset, consisting of properties located at 1410 72nd Avenue, 1806 West Champlost Avenue, 1725 West Godfrey Avenue, 7101 North 15th Street, 920 West Spencer Avenue, and 5742 North Park Avenue in Philadelphia, PA. This acquisition has been financed through a loan amounting to $16,800,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,800,000
• Lender: ConnectOne Bank
• Landlord's Representative: Morris Betesh, Jacob Schmuckler & Meir Schlusselberg - Arrow Real Estate Advisors
• Loan Type: Acquisition

The individuals involved in this deal include the landlord's representatives, Morris Betesh, Jacob Schmuckler, and Meir Schlusselberg, who are linked with Arrow Real Estate Advisors. They played a key role in facilitating the transaction, representing the landlord throughout the acquisition process.