Updated Dec 4, 2024
LMF Commercial Acquires 13-Unit Multifamily Property In Philadelphia, PA For $4M Loan
$4,000,000
$338/SF
Building Size
11,825 SF
Asset Type
MultiFamily
Closing
Jul 28, 2023
About this deal
AI
The multifamily property located in Philadelphia, PA with a total square footage of 11,825 and 13 units has recently undergone a refinancing transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Loan Type: Refinance
- Loan Terms: CMBS: 5 years, Full IO, 74.1% LTV, 1.21x IO DSCR
The lender for this transaction is LMF Commercial represented by Nihad Choudhury. Robert Tobias, from an undisclosed agency, acted as the broker for the deal.
LMF Commercial Acquires 13-Unit Multifamily Property In Philadelphia, PA For $4M Loan is logged as a multifamily loan on Traded (2023). The building is 11,825 square feet, implying about 338 per square foot on the published price. Robert Tobias, Nihad Choudhury, RJT Capital Partners appear on the loan alongside RJT Capital Partners. This page is the market file for the LMF Commercial Acquires 13-Unit Multifamily Property In Philadelphia, PA For $4M Loan multifamily financed: pricing, party profiles, and other closed multifamily comps from the same area sit in the Market section below. Cite this LMF Commercial Acquires 13-Unit Multifamily Property In Philadelphia, PA For $4M Loan loan when underwriting similar multifamily product.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93