Client Chronicles

Mayur & Tina Patel

TKP Schoolhouse Associates, Harrisburg City

$325,000 loan

Mayur & Tina PatelLOFT LIVING IS A WAY OF LIFE.

Once known as the Ronald Brown Charter School, this three story building is now home to 33 modern and spacious apartments. After being vacant for several years, husband and wife Mayur and Tina Patel saw this property as an opportunity to help enrich the city of Harrisburg. Their intentions are to attract government employees and/or companies that are doing business with the government to live in a closer proximity to these government agencies. The upscale apartment buildings are located on the intersection of Green and Forrester Streets, placing it in walking distance to State Government buildings and close to downtown. They hope this will attract people who do business in the downtown and midtown areas of Harrisburg.

Mayur Patel serves as legal counsel for the Hersha Group of Companies in Harrisburg. Between both Mayur and Tina, they have a tremendous amount of real estate experience, dealing in several ventures. They saw this project as another step in the development of midtown and downtown Harrisburg, offering housing for a city that is on the rise.

Project Profile
Business type:
Real Estate & Leasing

Amount : $325,000

 

Purpose of loan :
Renovation & Equipment