Trinity Realty Cos Secures $16.1M Loan For Mixed-Use Building In Philadelphia

A $16.1 million loan was provided to Trinity Realty Cos., a Philadelphia-based company, for the acquisition of The Washington Apartments. This mixed-use building is located at 2224-50 Germantown Ave. in Kensington, near Temple University. The property consists of 72 residential units and offers 16,500 square feet of ground-floor commercial space.

Summary of transaction details:

• Property Type: Mixed-use
• Loan Amount: $16,100,000
• Address: 2224-50 Germantown Avenue
• Market: Philadelphia, PA
• Square Footage: 16,500
• Number of Residential Units: 72

Craig Thom and Matthew Rosenberg from SCOPE represented Trinity Realty Cos. as the brokers in this deal. Kevin Parisi, the landlord and representative of Trinity Realty Cos., facilitated the transaction. The loan provided will support the acquisition of The Washington Apartments, further strengthening Trinity Realty Cos.' presence in the Philadelphia market.