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PHILADELPHIA-Locally based Iron Stone Real Estate Cos. hasobtained a $23.5-million senior mortgage loan for its redevelopmentof the former 13-acre Medical College of Pennsylvania campus at3300 Henry Ave. in the East Falls neighborhood. Iron Stone plans toconvert themulti-building property into the Falls Center mixed-use complex, asGlobeSt.com previously reported.

Gregg Wallace of Narbeth-based AMA Financial, arranged for thefunding. The lender is Chevy Chase, MD-based CapitalSource, andDavid Hall, an investment officer in CapitalSource's New York Citystructured finance group office, handled the transaction. It isCapitalSource's first with Iron Stone. Hall tells GlobeSt.com hewas "impressed with Iron Stone's plan and the location's access toCenter City and the suburbs." He declines to disclose the loan'srate or term.