340 N 12th Street, Philadelphia, PA 19107
$20,000,000 Permanent Loan

Challenge
Washington Square was engaged by the Sponsor to secure a 10-year interest only permanent loan for a mixed-use property.

Solution
Washington Square was able get the secure a 10-year, $20MM CMBS loan with full-term interest only. The Sponsor was able to recapture some of his equity and keep his monthly payment the same as his existing $11MM mortgage.