GIANT S Columbus Blvd

1403 S Columbus Blvd, Philadelphia, PA 19147
$22MM Construction Loan

Challenge
Washington Square was engaged by the Sponsor to secure a high-leveraged construction loan to build a 47,907 SF GIANT Food Store.

Solution
Washington Square was able secure a $22MM construction loan from a regional bank at a favorable rate to the Borrower with no equity from the Borrower required at closing. The loan would then convert to a permanent loan once construction is complete.