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Riverwards Group secures $37,300,000 in construction financing arranged by D2 Capital Advisors for 2507 Almond Street in Philadelphia.
Amount Raised
$37.3 Million
Round Type
Venture - Series Unknown
PhiladelphiaReal EstateInvestors
Description
D2 Capital Advisors has successfully arranged $37,300,000 in construction financing for Riverwards Group's multifamily development project at 2507 Almond Street. The financing package includes a $20,000,000 senior construction loan and $17,300,000 in C-PACE financing. The project will feature 155 units across a six-story building in Philadelphia's Olde Richmond neighborhood. Completion will provide a mix of studios and one- and two-bedroom units with modern amenities.
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