Willowbrook Apartments

Boothwyn, PA
$13.3MM Acquisition Loan

Challenge
Pre-arranging an acquisition loan on a Property that was not yet under control by the Sponsor. The loan was required to close within 48 hours from the Sponsor having the Property under agreement

Solution
Washington Square was able to arrange an acquisition loan prior to the Sponsor controlling the Property. Once the Sponsor was able to go under agreement to purchase the Property, the subject financing closed within 24 hours