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Eastdil Secured Arranges $140.7M in Construction Financing for Metro Philadelphia Multifamily Project
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Eastdil Secured Arranges $140.7M in Construction Financing for Metro Philadelphia Multifamily Project
ARDMORE, PA. — Eastdil Secured has arranged $140.7 million in construction financing for a 270-unit multifamily project in Ardmore, a northwestern suburb of Philadelphia. The development is known as The Plaza at Ardmore, and the financing consists of a $112.6 million senior loan from Bank OZK and a $28.1 million mezzanine loan from Affinius Capital. Units will come in studio, one-, two- and three-bedroom floor plans. Amenities will include a poo…
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