Washington Square Realty Capital arranged both the $22MM construction financing and $27MM permanent financing for the GIANT in South Philadelphia.

Washington Square Realty Capital arranged a $70MM, 10-year interest-only CMBS loan for the recapitalization of the Hilton at Penn’s Landing.

Washington Square Realty Capital originally began working with the Kirkbride Center in 2015 after the current owners took over operations from their father. Washington Square worked with the ownership team to bring them back from the verge of bankruptcy through various financing. Each financing solved a different issue, ultimately leading to the Kirkbride Center receiving fixed-rate permanent financing in 2021. The third iteration of financing was $17MM Bridge Financing with the goal of preparing the deal for long-term fixed rate financing in the near future. Lastly, we secured a $1MM A/R line for the Operating Company to clear the way for future financing.

Washington Square Realty Capital arranged $50MM of bridge financing for the acquisition of The Yards at Malvern, a 225-unit, Class-A apartment complex in Malvern, PA. Washington Square arranged a higher leverage bridge loan for the acquisition to avoid locking into an agency loan in a high-interest rate environment and remove the need for subordinate financing.

Washington Square Realty Capital was involved in the bridge financing of Germantown Row, 70 units, and Binder Terrace, 44 units, to bridge the properties from CO to permanent financing. Washington Square arranged $46.2MM of bridge loan financing and $5.3MM of preferred equity to recapitalize the high-leverage construction loans in a high-interest rate environment.

Washington Square Realty Capital was involved in the project from inception to close, a period of 18 months. This included managing all aspects of the project, including securing debt financing, identifying a historic tax credit investor, negotiating with the General Contractor for a $202MM GMP contract, creating a comprehensive strategy for the demolition and abatement of the property, performing extensive due diligence, negotiating the lease and acquiring insurance.