S3 Capital Provides $24 Million Construction Loan for Philadelphia Apartments
S3 Capital has closed a $24 million construction loan for a multifamily development at 1640 North Hancock Street in Philadelphia, the firm announced.
The financing supports a project comprising 109 apartments and approximately 14,500 square feet. Additional details regarding the loan structure, term, and borrower were not disclosed in available sources.
Deal Details
The property is located at 1640 North Hancock Street in Philadelphia. Further details regarding the number of stories, retail components, loan structure, or lien position were not confirmed in available sources.
S3 Capital is headquartered at 535 Madison Avenue in New York.
Sources: S3 Capital
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