Square Mile Capital Provides $195M Acquisition Loan For Multifamily Property In Philadelphia
1500 Locust Street
677,140 SF
Summary
The multifamily property located at 1500 Locust St in Philadelphia has recently been involved in a closed transaction. The property consists of 612 units, making it a significant asset in the local market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $195,000,000
- Address: 1500 Locust St
- Market: Philadelphia
- Units: 612
The acquisition loan for this transaction was provided by Square Mile Capital. Acting as brokers for the deal were Drew Anderman and Alan Blank from Meridian Capital Group.
This transaction signifies the successful collaboration between the buyer, seller, and the lending institution. The involvement of Square Mile Capital as the lender showcases their confidence in the property's potential. With Drew Anderman and Alan Blank representing the buyer, they played a crucial role in facilitating the transaction and ensuring its smooth completion.
Players
All
5
Agents
3
Agencies
1
Lenders
1
Details
View on map
Loading...
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want