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RCA Sources $8.2M Construction Loan for NJ Multi-Family Developer

by RRA on June 13, 2019
RCA Sources $8.2M Construction Loan for NJ Multi-Family Developer
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Rittenhouse Capital Advisors recently closed on a $8,200,000 construction loan for a South Jersey developer. The Marlton, NJ multifamily property will consist of 55 class A units, a ground-floor commercial space, and street level parking.

  • Loan Proceeds Funded at 80% Loan -to-Cost
  • 9 Year Loan Term
  • 7-year Fixed Rate Term on Permanent Loan Upon Completion of Construction
  • 30 Year Amortization
  • Construction Loan Rate Floats Over WSJ Prime
  • Permanent Loan Rate, Locked In at Initial Funding at 4.85%

 

Call 215.454.2852 to find out what we can do for you!

 

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