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.
Commercial Real Estate Finance & Advisory