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FURLONG, PA-Heritage Property Group has obtained $18 million in first mortgage financing on four properties in the Philadelphia area. Jim Cadrannell, associate director of the Edison, NJ, office of Holliday Fenoglio Fowler L.P., arranged all of the loan transactions on an exclusive assignment for Heritage, which is based here.

Greenwich, CT-based Greenwich Capital Management is the lender. All of the mortgages are for 10 years at a fixed rate, which is undisclosed.

Of the total funding, a $3.7-million mortgage is on the 36,594-sf, two-story office building at 455 Pennsylvania Ave. in Fort Washington. It is currently 100% leased to a diverse group of professional, medical and financial services firms.

Heritage Summer Hill, a 75-unit townhouse community in Doylestown, obtained a $10.6-million mortgage.

A $3.7-million mortgage was obtained on a 66-unit townhouse community in Douglassville and a 17-unit apartment building in Lansdale.

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