Ivy Realty, DW Partners secure $27.5m in refinancing for Sixteen Hundred Lofts

Ivy Realty, DW Partners secure $27.5m in refinancing for Sixteen Hundred Lofts

Published at: 2019-08-15 15:11 | Author: CIJ USA
Ivy Realty and DW Partners secured a $27.5m refinance loan for Sixteen Hundred Lofts in Philadelphia. The 82,556 sq ft building includes 95 units ranging in size between 504 sq ft and 1,225 sq ft. Amenities include a rooftop terrace, gym, lounge, parking and concierge. Short term rental company Sonder currently leases approximately 40 percent of the property. Cushman & Wakefield arranged the funding for the borrowers through BBVA.

Similar Stories:

Fontainebleau gets $460m in refinancing for Turnberry Ocean Club
Fontainebleau Development secured a $460m loan to refinance its Turnberry Ocean Club proje  »
Ironstate secures $69m to refinance affordable housing properties
Ironstate Development secured a $69m loan to refinance four affordable housing properties  »
FCP acquires Somerset Apartments for $18m
FCP paid $18m for Somerset Apartments, a 240-unit residential property in Charlotte, North  »
Starwood Capital buys affordable housing community in Jacksonville
A 224-unit affordable housing community in Jacksonville, Pine Meadows, has been sold for $  »
Hurricane Hermine had the entire state of Florida on the edge of its seat in September. It   »
South Florida’s condo market is readying for a soft landing rather than the crash that m   »
There are approximately 17,000 units in Miami in presale, sold or under construction. Abou   »
The same year Orange County builders pulled 11,000. Fast forward to 2010 and those numbers   »