Washington Square Realty Capital originally began working with the Kirkbride Center in 2015 after the current owners took over operations from their father. Washington Square worked with the ownership team to bring them back from the verge of bankruptcy through various financing. Each financing solved a different issue, ultimately leading to the Kirkbride Center receiving fixed-rate permanent financing in 2021.
The third iteration of financing was $17MM Bridge Financing with the goal of preparing the deal for long-term fixed rate financing in the near future.
Lastly, we secured a $1MM A/R line for the Operating Company to clear the way for future financing.
