Chestnut Holdings obtained financing of $6M from JPMorgan Chase Bank

Chestnut Holdings through the entity 1425 U LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank N.A. valued at $5.9 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 55 residential units at 1425 University Avenue in Highbridge. The deal closed on August 27, 2019 and was recorded on September 04, 2019.
The property contains a total of 54,000 square feet of built space.
The average loan per unit is $106,364.
The last time the property sold was August 31, 2007, for $4,200,000.

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Direct link to the city’s interactive property map, ZOLA. link

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