Location: Philadelphia, PA
Loan Amount: $52M
Loan Type: Acquisition/Value-Add
Property Type: Student Housing
Challenge iBorrow Solved:
The financing will support significant upgrades to the property, a 798-bed, 12-story building. The updates will strategically position the community to attract student residents as campus life continues to normalize following the pandemic. The borrower’s strategic upgrades to The Edge will enhance curb appeal and will drive up resident demand, resulting in a substantial increase in net operating income.