Philadelphia Mixed Use

75% LTV, 5/25
Stucco frame mixed use building connected between two other buildings.
Amount: $
Interest Rate: 

StackSource recently sourced a cash out refinance loan for a 3,777 sq ft mixed-use Multifamily/Retail building located in Philadelphia, PA. The property is currently 100% occupied and will continue to be managed by the existing management company. Capital Advisor, Omar Sobhy, worked with a Philadelphia based bank to secure a 75% LTV loan priced at a 4.65% fixed rate for 5 years based on a 25-year amortization schedule.

Deal Team

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Charitable Cause supported by 1% of StackSource's revenue on this transaction:
Habitat for Humanity of Greater Newark