The Commodore

100 Northampton Street, Easton, PA 18042
$13MM Construction Loan

Challenge
Washington Square was engaged by the Sponsor to secure a construction loan for his first project amidst the COVID-19 global pandemic.

Solution
Washington Square was able secure a $13MM construction loan from a private lender, a $3MM bridge loan to bridge the RACP portion of the capital stack and $3.4MM of C-PACE financing to top off the capital stack, all while minimizing the equity contribution from the Sponsor.