Kirkbride Center

Institutional Behavioral Health Campus
Philadelphia, PA

$13MM Bridge 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 bridge lender to structure a financing package that refinanced a prior bridge lender and paid off the other outstanding obligations moving the Property a step closer to traditional permanent financing.