44 South 3rd Street, Philadelphia, PA 19106
$1.275MM Permanent Loan

Challenge
Washington Square was engaged by the Sponsor to secure a permanent loan with cash out amidst the COVID-19 global pandemic.

Solution
Washington Square was able secure a $1.275MM permanent loan from a regional bank to refinance the construction debt and recapture the Sponsor’s equity amidst the COVID-19 pandemic and the new underwriting standards that came with it.