Germantown Square

45-47 W. Haines Street, Philadelphia, PA 19144
$6.389MM 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 $6.389MM Freddie Mae loan 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.