FINANCEDMultiFamily
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
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.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
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