June 30, 2017 Comments Off on HFF Arranges $65M Equity, Debt for Philly MF Development Views: 798 National News, Northeast, Pennsylvania

HFF Arranges $65M Equity, Debt for Philly MF Development

Early Bird Alert: Connect Apartments is planned September 28th in Los Angeles. Here’s where to get more information and register.

HFF arranged $65 million in preferred equity and construction financing for the development of The Hamilton, a 10-story, 279-unit, luxury apartment building in Philadelphia. HFF worked on behalf of the developer, Wayne, PA-based Radnor Property Group, to arrange both construction financing and preferred equity.

HFF arranged a $48.5-million construction loan from the Santander Commercial Real Estate office in Philadelphia and $16.5-million in preferred equity from an insurance company.

Due for completion in 2018, The Hamilton will consist of studio, one-and two-bedroom floor plans. The initial 279 units will be the first of two phases constructed on a 1.68-acre site at 440 North 15th St.

HFF’s Ryan Ade, Rob Hinckley, David Giancola and Michael Pagniucci represented the developer.

Read more at HFF

Connect With Radnor Property

Connect With HFF’s Ade

Subscribe to Connect Daily National

For comments, questions or concerns, please contact Dennis Kaiser

Tags: ,

Comments are closed.