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Basis Investment Group Secures $43M Refinancing for Newly Built Philadelphia MF

Basis Investment Group has provided a $43 million bridge loan to refinance the existing construction loan supporting the lease-up of the Residences at Pier 40. The subject property is a newly construc

Summary

Basis Investment Group has provided a $43 million bridge loan to refinance the existing construction loan supporting the lease-up of the Residences at Pier 40.

The subject property is a newly constructed, 195-unit multifamily development sponsored by GY Properties on the Delaware River waterfront in Philadelphia’s Northern Liberties neighborhood.

The Residences at Pier 40 is... The post Basis Investment Group Secures $43M Refinancing for Newly Built Philadelphia MF appeared first on Conn

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