Borrower wanted to secure long term financing following leasing the property to a single tenant. The Property is unique to the submarket and establishing comparable asset values was difficult.

The Buyer was seeking maximum leverage to acquire and redevelop the property into an owner-occupied office building.

A developer approached Washington Square with 30 days left on an agreement of sale to acquire this long abandoned property. The building was still in the pre-leasing stage before a construction loan could be secured.

Washington Square was engaged by the sponsor to acquire a construction loan for their new headquarters and to arrange a land loan which needed to close inside of 30 days.

Washington Square was engaged to secure a buyer for a piece of land in Philadelphia within a 30-day time frame time frame. Arranging loans for two Properties. The first, an existing parking lot and the second, an existing office building.

$8.175MM Bridge Financing Philadelphia, PA 4 Properties: Land, Vacant Warehouse, and Office Space