HARBOR GROUP PROVIDES $8M ACQUISITION LOAN FOR PHILLY APARTMENTS

PHILADELPHIA — Harbor Group International has funded an $8 million mezzanine loan for the purchase of Charter Court Apartments in Philadelphia. An affiliate of Treetop Development purchased Charter Court, a 496-unit apartment property that includes two 11-story buildings, for $47.3 million. The multifamily community amenities include a resort-style pool area, business center, fitness center, pet spa and a doorman.