Asset Class
Multifamily
Location
Philadelphia
Sale Structure
Individual Loan Offering
Status
In Market
Seller
Bank
Bid Date
08/23/2023
Matured loan accruing at 13.25%, secured by a multifamily property in the midst of gut-renovation located on a corner lot in desirable Center City Philadelphia. The borrower purchased the property in 2019 with (now stalled) plans for full renovation to Class A market rate multifamily.
