$51.5MM Financing
Philadelphia, PA
2-property, 114-unit portfolio
Washington Square Realty Capital was involved in the bridge financing of Germantown Row, 70 units, and Binder Terrace, 44 units, to bridge the properties from CO to permanent financing. Washington Square arranged $46.2MM of bridge loan financing and $5.3MM of preferred equity to recapitalize the high-leverage construction loans in a high-interest rate environment.