US EditionSteepRock Capital Lends $29M on Suburban Philly Apartments Build
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SteepRock Capital Lends $29M on Suburban Philly Apartments Build
Fernmoor Homes has nabbed $28.5 million of construction financing to develop a multifamily development in suburban Philadelphia, Commercial Observer has learned. SteepRock Capital supplied the loan for the New Jersey developer’s 132-unit Mi-Place at Media project southwest of Media, Pa., that is slated for completion in the 2026 second quarter. CBRE arranged the transaction with a debt and structured finance team led by Matthew Klauer and Cassa…
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