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

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:

• Property Type: Multifamily
• Transaction Amount: $145,000,000
• Lender: Len O'Donnell
• Landlord: Tim Downey
• Landlord's Representative: Jordan Roeschlaub, Nick Scribani, Christopher Kramer & Samuel Speciale - Newmark
• Market: Philadelphia, PA
• Units: 255
• Loan Type: Refinance

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.