Catalytic Capital & Development Advisors

03/17/2026

We have an important update to share with our community.

RPC United Advisors has officially rebranded as Catalytic Capital & Development Advisors (CCDA).

This change represents an evolution, not a departure. CCDA reflects the next phase of growth for the platform many of you have known as RPC United Advisors, including an expanded scope of work and a more intentionally built advisory platform.🔁

As Catalytic Capital & Development Advisors, we continue our focus on real estate capital formation, structured finance, and development advisory for n for mission driven owners, investors, and public sector partners. We’re also deepening our commitment to catalytic capital strategies, community development, and public private partnerships nationwide.

If you’ve followed RPC United Advisors, you’re exactly where you should be.
Same mission. Same values. An evolving platform with greater impact ahead.

We’re grateful for your continued support and look forward to sharing what’s next as Catalytic Capital & Development Advisors.

05/02/2025

Sending a big thank you to Grow America - formerly NDC and Capital One for "We Survived NMTC Threshold 2025!" Happy Hour invitation. It was truly a pleasure to meet and celebrate with everyone who worked hard to reach their threshold. The energy and camaraderie were infectious, and it was wonderful to be part of such a momentous occasion. I look forward to the Threshold 2026 celebration.

04/03/2025

RPC is thrilled to announce the successful completion of the $11,000,000 LIHTC development of 32 affordable housing units in Philadelphia County, PA. Village Square On Haverford – Phase II, located in the heart of Mantua, is now ready to welcome residents. This project, developed by Lomax Real Estate Partners (“LREP”) and Mt. Vernon Manor CDC (“MVM”), marks a significant milestone in the revitalization of Mantua, a neighborhood in West Philadelphia.

RPC, as the Owner’s Representative, played a crucial role in overseeing and managing the project budget, ensuring construction draw verification, grant administration and compliance, design, and construction. Our team is proud to have contributed to this transformative project that brings affordable rental housing to a long-neglected area.

Join us in celebrating this achievement and the positive impact it will have on the community. For more information on our services, including Owner’s Representation and Fee Development, contact Wayne King at 267-895-3638 ext. 102 or William Carter at 267-895-3638 ext. 105.

03/12/2025

RPC recently arranged $2,075,000 in permanent financing for the refinance of a 6,957 square foot office building located in the heart of Wayne, PA. The loan features a 5-year term on a 25-year amortization with an interest rate of 7.04% and was underwritten at 75% loan-to-value. The client was seeking a new bank relationship and a lender willing to make an aggressive loan on an office property in a difficult market for office financing. In order to move away from the prior lender, the new lender was also willing to include the refinance of three liquor license loans in the collateral package, making it a somewhat unusual transaction for us, however given the strength of our relationship with the local lender they were willing to dig in and come up with a wholistic solution for our client. We are actively quoting and closing office loans in this difficult market.

03/11/2025

https://www.linkedin.com/pulse/adapting-change-how-new-policies-affect-cre-industry-strategies-8gm6e/?trackingId=VVMuYlPcmqXiSHNcuYHmKA%3D%3D

Many industry professionals are keenly interested in the new administration policies impacting commercial real estate and construction. Recently, I attended a CohnRehnzik conference where detailed strategies were discussed on how to navigate these new policies.

02/28/2025

RPC recently secured $1,523,000 in permanent financing to refinance a portfolio of five duplexes located in the Temple University area of North Philadelphia. The loan was underwritten at 80% loan-to-value with a 30-year term and an interest rate of 6.25%.

Our longstanding client sought to refinance their student housing portfolio. As the market began to soften and their existing loan neared expiration, they started transitioning their portfolio to affordable housing targeted at households with income at or below 80% of the area median income (AMI). Given the substantial rise in interest rates since the previous refinancing, the properties utilizing affordable housing rental rates could not generate sufficient income to satisfy a conventional debt service coverage ratio for an amortizing loan at the point of stabilization. Consequently, securing favorable financing was the only viable refinancing option that did not necessitate a “cash-in” transaction for the client. RPC successfully sourced a lender specializing in mixed-income multifamily properties to underwrite the loan at a 1.15X debt service coverage ratio, with a minimum 30-year amortization period and no prepayment penalty. This arrangement provides substantially lower debt coverage than what traditional bank lenders would typically allow and is anticipated to become increasingly popular as many commercial loans for market-rate apartments face similar challenges due to the unprecedented rise in interest rates over the past 18 months.

Our client, an experienced local developer and valued patron of our firm, expressed sincere appreciation for the outcome despite the challenging circumstances he encountered. His proactive approach to pursuing affordable housing and openness to explore alternative financing options in this current credit environment likely resulted in substantial savings as interest rates continued to climb. Moreover, this strategy provided stability by removing the need for refinancing within the next 5 to 7 years, allowing him to refinance on his terms without incurring penalties.

02/05/2025

RPC recently closed a $26,000,000 first mortgage for the acquisition and horizontal land development of a 155-lot master planned community situated in Chester County, PA. The loan was underwritten at 65% loan-to-value with an interest rate of 475 basis points over Prime and a two-year interest-only term with one 12-month extension. The loan is non-recourse with a completion only guarantee.

Our client is an experienced home builder; however, this was his first large scale land development deal. We were able to generate three competitive offers and structure the deal in a way that worked optimally for him, requiring far less equity, in a way they never would have considered without an expect team with unique land development finance experience on their side. Further, given our relationship with the home builder and the land seller, we were able to restructure the lot purchase schedule to optimize it for the financing, and keep the deal on track at the end. The final deal was done in excess of 75% of cost, and and the client was able to pull out meaningful ongoing developer fees as well. The client was so pleased with the outcome that we are already working on a second transaction.

01/22/2025

RPC recently secured an additional award of $1,000,000 in funding through one of the Commonwealth of Pennsylvania’s grant programs in its 2024 Funding Round. This funding will be used for the construction, fit-out, and necessary infrastructure required to develop a federally qualified health center, full-service supermarket, and stand-alone office building with ground floor retail located in West Philadelphia. With the additional subsidy funding, our client was able to offer attractive tenant improvement packages at competitive lease rates, successfully securing leases with all the commercial tenants. Without the state funding, the Project would have faced the risk of not securing its commercial tenants, which would have significantly impact the growth and profile of the community.

RPC United Advisors is a boutique professional services firm and affiliate of Real Property Capital, Inc. We combine commercial real estate development advisory, owner’s representation, public/private financial advisory, mortgage banking, and alternative funding solutions. As a result of our combined qualifications in commercial real estate and broad network of capital sources, we offer our clients a unique value proposition to position them to fulfill their real estate endeavors and ultimately grow their business. Call David Stubbs to discuss any funding and/or advisory assistance at (267) 895-3638 ext. 101.

01/31/2024

RPC recently arranged $3,375,000 in permanent financing to refinance a five-building, 34-unit apartment portfolio in the Fairmount neighborhood of Philadelphia, Pennsylvania. The 70% loan-to-value 5-year loan was structured with a fixed interest rate of 6.25%, 12 months interest-only, followed by a 25-year amortization. The occupancy of the buildings was significantly depressed by the COVID-19 pandemic.

Based on the lagging occupancy, the properties did not have sufficient income to meet the lender’s 1.25x debt service coverage ratio requirement, so we were able to negotiate a structure where the client posted a cash reserve for the cash flow shortfall, and the lender funded the loan as if the cash flow were in place. This unique structure allowed the client to obtain a larger loan to meet their objective. Many lenders are willing to lend at attractive terms in the current environment, especially on high-quality properties. There has never been a greater need to shop around.


https://www.linkedin.com/pulse/rpc-closes-another-loan-3375000-permanent-refinance-34-unit-pearson%3FtrackingId=RStGvCuOAhEdJfwXUybm6g%253D%253D/?trackingId=RStGvCuOAhEdJfwXUybm6g%3D%3D

01/26/2024

"...Miami was the nation’s hottest rental market in 2023. The metro’s thriving tech scene continues to attract innovators and entrepreneurs from all around the world, driving the competition for rental apartments. Plus, its business-friendly climate offers incentives and opportunities for growth, while the lack of income tax makes it a top renting spot for both locals and newcomers."

Curious about the hottest rental hotspots in the U.S. in 2023? Take a look at the most competitive places for renting this year.

01/25/2024

"Greater Philadelphia wealth continues to be concentrated on the Main Line, with the most affluent households located in places like Gladwyne, Villanova and Merion Station. Of the region’s 25 wealthiest ZIP codes, more than half are located on or adjacent to the Main Line.

In tandem with this year’s List of the region’s wealthiest neighborhoods, the Philadelphia Business Journal conducted an analysis of U.S. Census Bureau data for a deeper look at Greater Philadelphia’s richest residents. The analysis incorporates a wide range of demographics — from household income to age and marital status — pulled from a nine-county data set that includes Bucks, Chester, Delaware, Montgomery, and Philadelphia counties in Pennsylvania; Burlington, Camden, and Gloucester counties in New Jersey; and New Castle County in Delaware."

https://www.bizjournals.com/philadelphia/news/2024/01/18/wealthiest-zip-codes-incomes-main-line.html?csrc=6398&utm_campaign=trueAnthemNewContentFeed&utm_medium=trueAnthem&utm_source=linkedin

01/17/2024

RPC recently closed a $2,340,000 revolving construction loan for developing 14 attached townhouses in the Strawberry Mansion neighborhood of Philadelphia, PA. The site consists of 14 fully entitled lots that will be developed into luxury townhomes. Previously, RPC had secured a bridge loan to finance the acquisition, subdivision, entitlements, and demolition of the existing buildings on the site for a long-time client. The loan was underwritten to the lesser of 70% of value/cost with an interest rate of Prime + 1% and a 30-month interest-only term. The loan is structured to fund building two spec houses to completion and two houses to water-tight shell condition, with provisions to accelerate construction as sales materialize. Strawberry Mansion is becoming the most heavily invested in a neighborhood in Philadelphia. However, most lenders still consider it too “pioneering” for their taste. Despite the total lack of sale comparables at the projected sale price, RPC was able to leverage our vast network of lenders and make a compelling case for the target home price by using comparable sales of new construction townhomes with garages in nearby locations to advocate for the project and secure the loan. Sometimes, every lender says “no” until one says “yes”. In the current market, it takes persistence, and the willingness to do the work and turn over a lot of rocks to get projects financed, and that’s what we do best.


https://www.linkedin.com/pulse/2340000-fixed-rate-construction-loan-development-14-mansion-pearson-dwcse%3FtrackingId=5LDMKtAfCCpJk5vGbgOv3A%253D%253D/?trackingId=5LDMKtAfCCpJk5vGbgOv3A%3D%3D