Philadelphia Redevelopment Authority Awards Financial Services Contract to Asian Bank (May 2026)
Philadelphia Redevelopment AuthorityPublic Authority · Philadelphia, PA- Disclosed value
- $1,500,000.00 loan
- From agendapacket
- Approved
- May 13, 2026
- Renews
- Free account
The 30-second brief
The Philadelphia Redevelopment Authority approved subordinating its loan on 800-818 South 55th Street to a $1.5 million Asian Bank loan. The refinancing will place Asian Bank in first-lien position while preserving the Authority loan's remaining terms and affordable-housing restrictions.
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.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,500,000.00 loan
- Document date
- May 13, 2026
- Renews
- On record
- Vendor
- Asian Bank
- Source document
- Philadelphia Redevelopment Authority AgendaPacket Board Meeting Materials 2026-05-13 (AgendaPacket)
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 May 13, 2026. The contract value is $1,500,000.00 loan.
How much is the Asian Bank contract with Philadelphia Redevelopment Authority worth?
The Asian Bank contract with Philadelphia Redevelopment Authority is valued at $1,500,000.00 loan, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Philadelphia Redevelopment Authority AgendaPacket Board Meeting Materials 2026-05-13 (AgendaPacket), dated May 13, 2026 from Philadelphia Redevelopment Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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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.
