RCA Closes on a $19,700,000 Acquisition Loan for 189 Units Located in Delaware County, Pennsylvania.
by RRA on September 23, 2019
Rittenhouse Capital Advisors recently closed on a $19,700,000 acquisition loan for a three-property multifamily portfolio consisting of 189 units located in Delaware County, Pennsylvania.
- 12 Year Term
- 30 Year Amortization
- Interest Rate of 3.40%
- 2 Years of Interest Only
- 75% LTV
- Non-Recourse
- Assumable
- Lender at Par
- Supplemental Earn-Out Available After Year 2
