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