16-18 S. 20th Street

Philadelphia, PA
$2.15MM Construction Loan

Challenge
Securing a construction loan for the redevelopment of an existing mixed-use building into 6 apartment units with retail.

Solution
Washington Square was able to secure a $2.15MM, 25-year construction loan with a 12-month interest only period and fully amortizing over the remaining 24-years. The loan was fixed at 4.8%.