LMF Commercial Acquires 13-Unit Multifamily Property In Philadelphia, PA For $4M Loan
FINANCED
$4,000,000
Pennsylvania
See Similar DealsMultiFamily11,825 SF
Financed 07/28/2023
FINANCED
LMF Commercial Acquires 13-Unit Multifamily Property In Philadelphia, PA For $4M Loan
MultiFamily11,825 SF
Financed 07/28/2023
Summary
Asset Type:MultiFamily
Price Per Square Foot:$338
Total Square Footage:11,825 SF
Transaction Type:Loan
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
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,000,000.00
Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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