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Tim Downey Secures $145M Refinance Loan For 255-Unit Multifamily At 1620 Sansom Street

Property Image
FINANCED
$145,000,000
Jordan (Jordy) Roeschlaub
Nick Scribani
+ 2

Pennsylvania

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MultiFamily
Financed 03/05/2026
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Property Image
FINANCED

Tim Downey Secures $145M Refinance Loan For 255-Unit Multifamily At 1620 Sansom Street

1620 Sansom Street

See Similar Deals
MultiFamily
Financed 03/05/2026
Jordan (Jordy) Roeschlaub
Nick Scribani
+ 2
Contact now

Summary

PENNSYLVANIA
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a multifamily property consisting of 255 units located at 1620 Sansom Street in Philadelphia, PA. The loan amount secured for this property is $145,000,000, and it is classified as a refinance transaction.

Summary of transaction details:

This transaction highlights the involvement of key representatives in the deal. Len O'Donnell serves as the lender while Tim Downey is the landlord. The landlord is represented by a team of professionals from Newmark, including Jordan Roeschlaub, Nick Scribani, Christopher Kramer, and Samuel Speciale.

Players

Nick Scribani
191 deals$55.1B volume(212) 372-2113
BROKER

Christopher (Chris) Kramer
Newmark
112 deals$21.8B volume(212) 850-5472
BROKER

Jordan (Jordy) Roeschlaub
Newmark
321 deals$96.2B volume
BROKER

Samuel Speciale
Newmark
7 deals$1.4B volume(949) 754-6323
BROKER

Details

FINANCED
IMAGE: Jordan Roeschlaub, Nick Scribani, Tim Downey, Len O'Donnell, Christopher Kramer & Samuel Speciale DATE: 3/5/2026 ADDRESS: 1620 Sansom Street MARKET: Philadelphia, PA ASSET TYPE: Multifamily ~ UNITS: 255 LENDER: Len O'Donnell LANDLORD: Tim Downey LANDLORD'S REP: Jordan Roeschlaub (@JordyRoeschlaub), Nick Scribani (@ScribSays), Christopher Kramer & Samuel Speciale - Newmark (@Newmark) LOAN AMOUNT: $145,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$145,000,000.00

Monthly NOI$966,666.67
Monthly Debt Service$916,498.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00