Project Description
Mixed-Use Warehouse Conversion
University City
ALL Commercial Capital secured financing on a $4,972,332 construction loan for a mixed-use warehouse conversion in University City, Philadelphia PA. The completed project will have 34 units with a retail space on the first floor. The client’s equity injection was a mere $450,000 coming from the ownership of the land itself. Loan-to-Cost was a whopping 87%!! All soft costs, including environmental reports, interest reserves, and architecturals were financed by the bank at closing!