1307 Germantown Avenue

1307 Germantown Ave, Philadelphia, PA 19122
$5.4MM Land Loan

Challenge
Washington Square was engaged by the Sponsor to secure a high-leveraged land loan for a site that required some environmental work.

Solution
Washington Square was able secure a $5.4MM land loan from a private lender at a basis of the land value once it would become a clean site. The loan was used to purchase the Property and perform the required site work.