1608-34 Sansom Street

Philadelphia, PA
$10.08MM Loan

Challenge
Washington Square was engaged by the sponsor to refinance an existing parking garage with retail. The Borrower was seeking more affordable money in order to facilitate the sponsors’ plan of holding the property until it could be sold to a developer.

Solution
Washington Square was able to quickly secure $10.08MM of bank financing with a two year term at the desired rate with flexible prepayment options.