**Essex Capital Markets Provides $4.15M Acquisition Loan for Haverford Lofts in Philadelphia**
Essex Capital Markets, LLC has successfully closed a $4.15 million acquisition loan for a newly constructed, 43-unit multifamily property located in the University Square neighborhood of Philadelphia.
The financing was arranged by Essex Capital Markets Principal Darragh Griffin and Analyst Quinn Keenan on behalf of a private investment group. The property, known as Haverford Lofts, is a boutique, luxury apartment community featuring a mix of unit types tailored toward upscale urban living.
The loan was provided by a regional bank and structured with a fixed interest rate of 5.64% for a three-year term. Strategically located in the heart of West Philadelphia’s University City district, Haverford Lofts offers convenient access to public transportation, the University of Pennsylvania, Drexel University, and a vibrant array of dining, shopping, and cultural destinations.
“Securing the most competitive terms is always our top priority — but a close second is creating the right match for a sustainable, long-term lending relationship,” said Darragh Griffin, President of Essex Capital Markets.
Haverford Lofts is poised to benefit from the continued growth and revitalization of University City, a hub for education, healthcare, and innovation in Philadelphia.
