Asian Bank Loan Receives Proposed Mortgage Subordination
Philadelphia Redevelopment AuthorityPublic Authority · Philadelphia, PA- Disclosed value
- $1,500,000 loan
- From agenda
- Document date
- Apr 8, 2026
- Renews
- Free account
The 30-second brief
The Philadelphia Redevelopment Authority is considering subordination of its existing mortgage to a $1.5 million loan from Asian Bank for the 800 South 55th Street project. Asian Bank would hold the first lien while the Authority remains in second position.
Asian Bank holds this financial services contract with Philadelphia Redevelopment Authority. Its other public contracts on record include work for St Charles CUSD 303 and Folk Arts-Cultural Treasures CS.
The renewal date is on record. Get free alerts for pre-RFPs like this one, matched to what you sell.
Get pre-RFPs for work like this before the bid is out.
Get pre-RFP alerts freeFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- $1,500,000 loan
- Document date
- April 8, 2026
- Renews
- On record
- Vendor
- Asian Bank
- Source document
- Philadelphia Redevelopment Authority Agenda 2026-04-08 (Agenda)
Asian Bank's other public contracts
More Philadelphia Redevelopment Authority contracts
Questions about this contract
Who was awarded the financial services contract by Philadelphia Redevelopment Authority?
Asian Bank was awarded this financial services contract by Philadelphia Redevelopment Authority, as recorded on April 8, 2026. The contract value is $1,500,000 loan.
How much is the Asian Bank contract with Philadelphia Redevelopment Authority worth?
The Asian Bank contract with Philadelphia Redevelopment Authority is valued at $1,500,000 loan, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Philadelphia Redevelopment Authority Agenda 2026-04-08 (Agenda), dated April 8, 2026 from Philadelphia Redevelopment Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Asian Bank hold?
Asian Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Philadelphia Redevelopment Authority currently buying?
Explore Philadelphia Redevelopment Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
