Progress Capital Fuels Success for Shopping Center in Philadelphia with $3.64M in Refinancing
John Libretti of Progress Capital has successfully secured $3,645,000 in refinancing for the Oxford Levick Center. Situated at 915-919 Levick Street in the vibrant city of Philadelphia, this thriving retail strip spans an impressive 175,403 square feet.
Nestled on a sprawling 4+ acre site, this center proudly offers 139 parking spaces, a valuable asset that caters to the convenience of both shoppers and tenants alike. This thriving retail center is home to a diverse range of businesses, with a total of 10 tenants contributing to its dynamic atmosphere. At its core are two prominent anchor tenants: Penn DOT and Dollar General. Local and regional tenants fill the remaining spaces, ensuring that the center caters to a wide range of needs and preferences. This diverse tenant mix not only fuels commerce but also creates a unique atmosphere that distinguishes the center in the Lawndale neighborhood of Northeast Philadelphia.
Progress Capital, the firm behind this successful transaction, has been a leading commercial real estate financing firm since 1990. With over $40 billion in closed loans and $150 million in directly funded bridge loans, Progress Capital continues to play a pivotal role in shaping the landscape of real estate finance.