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RCA Arranges Refinancing Totaling $4,620,000 for Suburban Philadelphia Office Building

by RRA on September 30, 2014
RCA Arranges Refinancing Totaling $4,620,000 for Suburban Philadelphia Office Building
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JUST CLOSED: RCA Arranges Refinancing Totaling $4,620,000 for Suburban Office Building 

  • RCA arranged a cash out refinancing of $4,620,000 for a 43,781-sf multi-tenanted Ft. Washington, PA office building
  • RCA leveraged their relationship with a lender to provide a large cash out sum to the borrower to complete an extensive renovation at the property.
  • 10-yr term with initial rate at 3.65% with 5 year reset
  • 80% LTV
  • Loan is open at par after year 5

Call Eric Vogel for more details or to discuss commercial financing options at 215-454-2908

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