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Diligence Capital Advisors Sources Loan for Renowned Philadelphia Developer

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PHILADELPHIA - Rezul -- Diligence Capital Advisors is excited to announce that it has sourced, structured and closed a new loan for well-known Philadelphia based developer Anthony Fullard of West Powelton Development Company Inc. for the property at 122 E. Hortter Street in the coveted Mt. Airy neighborhood of Philadelphia, Pennsylvania The property is currently approved for the development of 19 luxury townhomes.

"Diligence Capital Advisors is the real deal. They sourced, negotiated and closed a significant loan for me in short order and handled every aspect of the loan including negotiating the loan documents. I will be looking at Diligence and only Diligence to procure debt and, potentially an equity partner, for the development of this important, neighborhood-centric project." said developer Anthony Fullard of Philadelphia.

"We are thrilled that we were able to help one of Philadelphia's burgeoning developers acquire a unique site with loads of untapped development potential. More and more, we are seeing prominent developers deploy capital into impactful projects, not just along the bustling Germantown Avenue Corridor, but in the distinctive pockets of East and West Mt. Airy." said Diligence Capital Advisors Managing Partner Jared Cobert.

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Fullard, a long-time resident of Mt. Airy, is known for pioneering projects on or near undervalued sites and creating high-caliber housing opportunities to improve the quality of life in the neighborhoods he targets.

The Diligence Capital Advisors team has sourced and/or closed senior debt, mezz debt, JV equity and preferred equity deals valued over 2 billion dollars.

About Anthony Fullard

Anthony Fullard in a Philadelphia based developer who began his career in construction as a union iron worker over 20 years ago and went on to establish the first African-American-owned steel erection company in Philadelphia. Fullard previously served as director of economic development for Philadelphia's African American Chamber of Commerce is currently the Managing Partner of AJR Endeavors  which is the developer hired by the Philadelphia Redevelopment Authority to redevelop and restore Osage Avenue and Pine Street in Philadelphia which was destroyed by the infamous Philadelphia MOVE bombing in 1985 which destroyed 61 homes and killed 11 people.

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To learn more about Anthony Fullard and the Osage-Pine restoration Project, visit http://osagepine.com/

About Diligence Capital Advisors

Diligence Capital Advisors is a Capital Solutions Firm based in Haddonfield, New Jersey.  The principals of Diligence Capital Advisors have sourced and/or closed senior debt, mezz debt, JV equity and preferred equity deals valued over 2 billion dollars.  If you have a real estate project in the Philadelphia or New Jersey market that requires debt or equity, contact Diligence Capital Advisors at http://www.DiligenceCapitalAdvisors.com

Press Contact:
Jared Cobert
jcobert@DiligenceCapitalAdvisors.com

215-873-6117

Source: Diligence Capital Advisors
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Filed Under: Real Estate

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