RECENT TRANSACTION

Mixed-Use & Multifamily in Pennsylvania

multifamily property in Reading, PA

This deal was a purchase of 2 multifamily properties in Reading, PA. One is mixed-use with 4 residential units and 1 ground floor retail store front; the other is a 6-unit multifamily property both with 100% occupancy. The properties are located in the North Philadelphia, PA market, blocks away from Schuylkill River.

Deal Highlights

LOAN TYPE

PROPERTY TYPE

LOAN AMOUNT

INTEREST RATE

RATE

LTV

DSCR

BROKER COMMISION

Aquisition

Mixed-Use & Multifamily

$682,500

7.875%

5-year fixed rate, amortized over 30 years

75%

1.29x

$6,825

WHY STRONGHILL

We follow a highly predictable and streamlined approach that ensures results your borrowers’ can depend on.