RITTENHOUSE CAPITAL ADVISORS ARRANGES $8,300,000 CONSTRUCTION LOAN

Jul, 26 18 Post by: RRA | Comments Off on RITTENHOUSE CAPITAL ADVISORS ARRANGES $8,300,000 CONSTRUCTION LOAN

Rittenhouse Capital Advisors recently closed on an $8,300,000 construction loan for a long-time Philadelphia residential developer. Upon completion, the new Northern Liberties property will consist of 40 apartment units, a ground-floor commercial space, and 35 off-street parking spaces.

  • Loan Proceeds Funded at 80% Loan to Cost
  • 24-Month Interest Only Construction Period
  • 5-Year Term on Permanent Loan Upon Completion of Construction
  • Interest Rate Locked at Initial Funding; Fixed for the Full 7-Year Loan Term
  • 30-Year Amortization on the Permanent Loan

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