Philadelphia, PA

$197,000

Mixed-Use

10/21/2020
Transaction by
Commonwealth Capital
Commonwealth Capital is pleased to announce that it recently closed a $197,000 Note Acquisition. Real estate developer in Philadelphia, PA Secured by triplex property in Philadelphia, PA Funds used to renovate the subject property for resale Interest Only 54% LTV A lender who had completed a loan in Philadelphia determined they did not want to keep an originated mortgage on their balance sheet. Commonwealth was able to provide the liquidity they needed by purchasing the note. The borrower was able to have the renovation funds required for this triplex.