{"id":1004126945,"date":"2015-09-04T07:45:38","date_gmt":"2015-09-04T15:45:38","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=360183"},"modified":"2022-12-06T09:27:14","modified_gmt":"2022-12-06T17:27:14","slug":"multifamily-community-in-suburban-philadelphia-receives-financial-help","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/multifamily-community-in-suburban-philadelphia-receives-financial-help\/","title":{"rendered":"Multifamily Community in Suburban Philadelphia Receives Financial Help"},"content":{"rendered":"

By Veronica Grecu, Associate Editor<\/em><\/p>\n

Hunt Mortgage Group<\/a>\u00a0provided a $4.6 million Freddie Mac conventional loan facility to refinance Pembroke Apartments<\/a>, a two-building residential situated on a 1.146-acre parcel of land in the Bala Cynwyd submarket. The borrower is Tepper Properties Inc., a Pennsylvania corporation backed by Joan Tepper.<\/p>\n

\"Pembroke<\/a><\/p>\n

Pembroke Apartments – Bala Cynwyd, PA<\/p>\n<\/div>\n

According to an official statement issued by Hunt Mortgage Group, the community carries a seven-year term amortizing over 30 years, with two years of interest only.<\/p>\n

Built in 1961 and 1962, Pembroke Apartments is located at 121 and 125 Montgomery Ave., less than one mile from Saint Joseph\u2019s University, 2.5 miles from West Fairmount Park, and less than 13 miles from the Philadelphia International Airport.<\/p>\n

The property has had the same owner since its completion and has been fully occupied for the past two years. It was renovated in 2009 and offers 32 apartments ranging from studios to three-bedroom units, and one four-bedroom unit. Additionally, the community offers 32,935 square feet of rentable space, and surface parking for 42 vehicles.<\/p>\n

Yardi Matrix<\/a> market reports show that average monthly rents in suburban Philadelphia range from $990 for a one-bedroom to $1,386 for a two-bedroom units. Currently there are 18 residential projects totaling almost 3,150 apartment units under construction in the area.<\/p>\n

Image via Pembroke Apartments’s website<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A nearly 55-year-old multifamily community located just 6 miles from Philadelphia’s Central Business District received a helping hand from a commercial real estate lender.<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1494],"tags":[],"class_list":["post-1004126945","post","type-post","status-publish","format-standard","hentry","category-latest","category-philadelphia"],"acf":[],"yoast_head":"\nMultifamily Community in Suburban Philadelphia Receives Financial Help - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/multifamily-community-in-suburban-philadelphia-receives-financial-help\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multifamily Community in Suburban Philadelphia Receives Financial Help\" \/>\n<meta property=\"og:description\" content=\"A nearly 55-year-old multifamily community located just 6 miles from Philadelphia’s Central Business District received a helping hand from a commercial real estate lender.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/multifamily-community-in-suburban-philadelphia-receives-financial-help\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-04T15:45:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T17:27:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Pembroke-Apartments-Bala-Cynwyd-PA.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multifamily-community-in-suburban-philadelphia-receives-financial-help\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multifamily-community-in-suburban-philadelphia-receives-financial-help\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"Multifamily Community in Suburban Philadelphia Receives Financial Help\",\"datePublished\":\"2015-09-04T15:45:38+00:00\",\"dateModified\":\"2022-12-06T17:27:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multifamily-community-in-suburban-philadelphia-receives-financial-help\\\/\"},\"wordCount\":213,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multifamily-community-in-suburban-philadelphia-receives-financial-help\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/09\\\/Pembroke-Apartments-Bala-Cynwyd-PA.jpg\",\"articleSection\":[\"News\",\"Philadelphia\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multifamily-community-in-suburban-philadelphia-receives-financial-help\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multifamily-community-in-suburban-philadelphia-receives-financial-help\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multifamily-community-in-suburban-philadelphia-receives-financial-help\\\/\",\"name\":\"Multifamily Community in Suburban Philadelphia Receives Financial Help - 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