Project Description
ALL Commercial Capital locates construction financing of $2.04MM for Seybert Ingersoll Apartment Buildings
Temple University
With the project having already commenced, it was a sprint to the finish for the All Commercial Capital team to fund this 9 unit, 14,000 sq. ft. project. In doing so, ACC was able to provide funds to the development team without prepayment penalty or a permanent financing requirement from its banking affiliates. This allowed the building owner to then refinance the property after stabilization only 5 short months after construction funding had been completed! ACC obtained a $2,400,000 refinance package for the client, with a rate under 4.00%, an amortization table of 30 years, and cash reimbursement to the client of over $500,000.
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Project Details
CLIENT
Seybert Ingersoll Apartment Buildings
FUNDS RAISED
$2.04MM