Dave Berg, Steve Kassin & Daniel Gluck Of Infinity Collective Refinance Multifamily Asset In Philadelphia For $96M
FINANCED
$96,000,000
Pennsylvania
See Similar DealsMultiFamily298,838 SF
Financed 09/09/2025
FINANCED
Dave Berg, Steve Kassin & Daniel Gluck Of Infinity Collective Refinance Multifamily Asset In Philadelphia For $96M
4701 Pine Street
See Similar DealsMultiFamily298,838 SF
Financed 09/09/2025
Summary
PENNSYLVANIA
Asset Type:MultiFamily
Price Per Square Foot:$321
Total Square Footage:298,838 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily building located at 4701 Pine Street, Philadelphia, PA. This asset encompasses a total square footage of 298,838 and consists of 412 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $96,000,000
- Loan Type: Refinance
- Landlord: Dave Berg, Steve Kassin & Daniel Gluck - Infinity Collective
- Brokers: Daniel Lerer - GFI Realty Services
Key individuals involved in the transaction include the landlords from Infinity Collective and Daniel Lerer of GFI Realty Services representing the brokers in this refinance deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$96,000,000.00
Monthly NOI$640,000.00
Monthly Debt Service$606,785.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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