Greenwich, CT-based Greenwich Capital Management is the lender. All of the mortgages are for 10 years at a fixed rate, which is undisclosed.
Of the total funding, a $3.7-million mortgage is on the 36,594-sf, two-story office building at 455 Pennsylvania Ave. in Fort Washington. It is currently 100% leased to a diverse group of professional, medical and financial services firms.
Heritage Summer Hill, a 75-unit townhouse community in Doylestown, obtained a $10.6-million mortgage.
A $3.7-million mortgage was obtained on a 66-unit townhouse community in Douglassville and a 17-unit apartment building in Lansdale.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
