Kirkbride Center

Institutional Behavioral Health Campus, Philadelphia, PA
$28.5MM Permanent Loan

Challenge
This Property’s specialty asset class, other outstanding obligations and recent discounted payoff of a former lender prevented the owner from refinancing with a traditional lender.

Solution
Washington Square worked with a syndication of credit unions to structure a financing package that refinanced a prior bridge lender and paid off the other outstanding obligations to finally receive permanent financing.