Trending...
- Why Baton Rouge's Humid Climate Can Contribute to Carpenter Ant Damage — J&J Exterminating Explains How to Protect Your Home
- Opteamix welcomes Girish Ramachandra to its leadership team as Senior Vice President of Client Services
- RAS AP Consulting Expands Managed AP Governance™ Ecosystem, Launches Trademark Process, and Secures IFOL Speaker Invitation
Philadelphia based Developer KNE Companies Closes Loan to Build 6 Luxury Apartment Units in South Kensington
PHILADELPHIA - ncarol.com -- The Philadelphia multi-family market has remained strong throughout the on-going uncertainty of the COVID-19 pandemic as evidenced by the many recent loan closings of multi-family construction financing in the Philly market. Kyle Earthman, owner of KNE Companies in Philly, was the most recent recipient of an acquisition and construction loan for a multi-unit apartment project in Philadelphia. The closing of the acquisition construction financing occurred on Friday October 9, 2020. Earthman's company KNE will be building 6 luxury apartment units in Philly's South Kensington neighborhood.
More on ncarol.com
A South Jersey Community Bank provided the financing to KNE secured by a first mortgage lien position loan on the project. The transaction size was over $1,000,000.
Earthman is delighted with the terms. "We worked hard to get a lender who was the right fit for this project", said Earthman. "In the end we found a southern New Jersey community bank that funded 80% of costs and gave us friendly permanent loan terms."
Earthman's company KNE was represented by Amanda Sokol and Jared Cobert of Diligence Capital Advisors on the loan transaction.
"We all worked hard on this, including our brokers. I am very happy with the result", said Earthman.
The project is scheduled to deliver in the Spring of 2021.
More on ncarol.com
- The World's No.1 Superstar® Enters the Occult with New Track and Cinematic Visual "Under Your Spell"
- PricZone Launches Online Shopping Platform Offering Electronics, Gaming, and More
- Heritage at South Brunswick Introduces New Ferndale Floorplan: The Largest Single-Family Home Design in the Community
- Lineus Medical Elevates Leadership to Accelerate Growth After Breakthrough Clinical Results
- Gateway Center Arena Announces Duane Curry as General Manger
A South Jersey Community Bank provided the financing to KNE secured by a first mortgage lien position loan on the project. The transaction size was over $1,000,000.
Earthman is delighted with the terms. "We worked hard to get a lender who was the right fit for this project", said Earthman. "In the end we found a southern New Jersey community bank that funded 80% of costs and gave us friendly permanent loan terms."
Earthman's company KNE was represented by Amanda Sokol and Jared Cobert of Diligence Capital Advisors on the loan transaction.
"We all worked hard on this, including our brokers. I am very happy with the result", said Earthman.
The project is scheduled to deliver in the Spring of 2021.
Source: Diligence Capital Advisors
Filed Under: Business
0 Comments
Latest on ncarol.com
- International Rights Groups Raise Alarm Over Freedom of Religion and Expression in South Korea
- The City's Most Elegant Open-Air Dinner Party Returns September 12, 2026
- FDA Clears Major Regulatory Hurdle as Preservative-Free Ketamine Program Moves Within Reach of Commercialization: NRx Pharmaceuticals: (NAS DAQ: NRXP)
- Autonomous Robotics Platform Expansion as Public Market Debut is Very Close: MBody AI Corp. (N A S D A Q: MBAI)
- New Book gives Consumer Goods Leaders a Governance Playbook for Generative and Agentic AI
- Loud! OOH calls for prize draw advertising standards as £1.3bn category moves outdoors
- Black Ribbon Productions Launches With Fearless 2026 Horror Slate
- Actor Dominic Pace Returns to Television and Film
- Opteamix welcomes Girish Ramachandra to its leadership team as Senior Vice President of Client Services
- Silicon Box Ships 500M Units at High Yield, Expands Production Capacity for Panel-Level Packaging
- Why Baton Rouge's Humid Climate Can Contribute to Carpenter Ant Damage — J&J Exterminating Explains How to Protect Your Home
- RPR Promotes Emily Line to Chief Strategy Officer and Janine Sieja to Chief Product Officer
- Expanding Beyond Space as New Drone Market Opportunities Accelerate Growth: Ascent Solar Technologies (N A S D A Q: ASTI)
- Lauren Merrell, Dale Sorensen Real Estate, announces price improvement for an extraordinary island retreat
- Portalz Publishes FES World First Architecture Introducing a New Cryptographic Platform
- Cellofest Brings Free Cello Concerts and Community Events to Bethany Beach August 5–16
- Blue Sky Capital Strategies, LLC awarded Leasing and Financial Services agreement with Premier Inc
- Michael M. Thomas Expands Executive Leadership Across Central India Outreach and Royal Trinity School
- Northeast Airlines and Travel, Inc. Initiates FAA Part 121 Certification for Boeing 737-800 Freighter Cargo Operations
- Walker's Realty and North Jersey Properties Introduce Extraordinary Luxury Estate for Rent in West Orange, New Jersey

