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Multifamily

Multifamily

Permanent Loan - Refinance

$14,365,000 
180 Unit Apartment Complex
Glenolden, PA

Axiom Capital Corporation announces the closing of a $14,365,000 permanent loan for the refinance of a 180 unit apartment complex in Delaware County, Pennsylvania. The multifamily complex sits on 5.33 acres in Glenolden, a dense residential suburb of Philadelphia. Located only 10 miles from Downtown Philadelphia, this location offers easy passage to the city and surrounding suburbs. The apartments are less than 5 miles from Philadelphia International Airport, and a mere 2 miles from access to I-95, the principle highway for the greater Philadelphia area as well as the entire U.S. eastern seaboard. In addition to a short commute into Philadelphia, the availability of such travel means provides reasonable access to Wilmington, Baltimore, Washington D.C., and New York City. Delaware County sits in close proximity to the states of Maryland, New Jersey, Delaware and Virginia. The region is characterized by rich historical ties, entertainment, successful professional sports franchises, strong cultural opportunities, first class culinary experiences and access to beautiful Atlantic coast beaches. The complex also has the many amenities expected of a predominant suburb. There are near by parks, open spaces, and recreational centers as well as large malls and community shopping centers.


diligence.
innovation.
execution.
Contacts

Charles Cronin - President
518-472-4000 ext. 204
axiom@axiom-capital.com

Andrew Kleinberg - Partner
917-710-1505
ajk@axiom-capital.com

Michael S. Del Vecchio - VP of R.E. Finance
518-472-4000 ext. 230
mdv@axiom-capital.com