Sima Secures $13.85M Loan for Philadelphia Property
Deal News | Apr 09, 2025 | Globenewswire
Flexi-View Lending announced the successful closing of a $13.85 million loan to aid the acquisition of a prime commercial property in Philadelphia. The loan was extended to Amanda Sima, an experienced investor, with a 48-month term and a 11.55% interest rate, reflecting a 75% loan-to-value ratio. This financing enables Sima to swiftly secure the asset in a competitive market, aligning with Flexi-View's commitment to providing tailored financial solutions. The property acquisition is posited to capitalize on Philadelphia's urban demand, offering long-term value creation and community benefits. Flexi-View continues to focus on agile lending services that empower real estate investors.
Sectors
- Real Estate
- Financial Services
Geography
- United States – The transaction takes place in Philadelphia, indicating the geographical relevance to the U.S. real estate market.
- Philadelphia – The commercial property acquisition is specifically located in Philadelphia, making it a key geographical focus in the article.
Industry
- Real Estate – The article discusses a commercial property acquisition, which is a significant activity within the real estate sector.
- Financial Services – The transaction involves a substantial loan provided by a lending institution, highlighting the role of financial services in real estate transactions.
Financials
- $13.85 million – The amount of the loan provided for the commercial property acquisition.
- 11.55% – The interest rate for the loan.
- 75% – The loan-to-value (LTV) ratio for the financing.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Flexi-View Lending | Lending Institution | Company | A lender providing the $13.85M loan for the acquisition. |
| Amanda Sima | Borrower | Person | An investor securing financing for a commercial property acquisition. |
| James McDonough | Managing Director | Person | A representative of Flexi-View Lending overseeing the transaction. |