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

Sep, 30 14 Post by: RRA | Comments Off on RCA Arranges Refinancing Totaling $4,620,000 for Suburban Philadelphia Office Building

Rittenhouse Capital Advisors

 

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

Comments are closed.

MENU