Flushing Bank Provides $29.75M Acquisition Loan For West Manchester Property | 1800 Loucks Road & 855 Town Center Drive | Flushing Bank | Morris Dweck | Other | Loan

Summary

Loan

PENNSYLVANIA

Other

489,657 sqft

The property asset involved in the transaction is a note located at 1800 Loucks Road & 855 Town Center Drive in West Manchester, PA. The property has a total square footage of 489,657.

Summary of transaction details

Property Type: Note
Transaction Amount: $29,750,000
Market: West Manchester, PA
Lender: Flushing Bank
Landlord: Paramount Realty
Broker: Morris Dweck - KSR Capital

The loan is an acquisition type with the following terms: 70% loan-to-value ratio, 7-year term, 30-year amortization, 1-year interest-only period, and it is non-recourse.

Players

All
3

Agents
1
Agencies
1
Lenders
1

Morris Dweck

Executive Director

Kassin Sabbagh Realty

Flushing Bank

Details

Deal Summary

FINANCED

IMAGE: Morris Dweck DATE: 05/05/2022 ADDRESS: 1800 Loucks Road & 855 Town Center Drive MARKET: West Manchester, PA ASSET TYPE: Note ~ SF: 489,657 LENDER: Flushing Bank LANDLORD: Paramount Realty BROKER: Morris Dweck (@Morris__Dweck) - KSR Capital LOAN AMOUNT: $29,750,000 LOAN TYPE: Acquisition LOAN TERMS: 70% LTV, 7 year term, 30 year amortization, 1 year IO, Non recourse

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Address1800 Loucks Road & 855 Town Center Drive

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