FINANCED
Trinity Realty Cos Secures $16.1M Loan For Mixed-Use Building In Philadelphia
2224-50 Germantown Avenue
Mixed-use
16,500 SF
16,500 SF
Financed 235 days ago
Summary
Loan
PENNSYLVANIA
Mixed-use
16,500 sqft
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.
Players
All
3
Agents
2
Agencies
1
Details
FINANCED
IMAGE: Craig Thom, Matthew Rosenberg & Kevin Parisi
DATE: 09/24/2023
ADDRESS: 2224-50 Germantown Avenue
MARKET: Philadelphia, PA
ASSET TYPE: Mixed-use ~ SF: 16,500 ~ UNITS: 72
LANDLORD: Kevin Parisi - Trinity Realty Cos
BROKERS: Craig Thom (@Cnice2113) & Matthew Rosenberg - SCOPE
LOAN AMOUNT: $16,100,000
NOTE: A $16.1 million loan was provided to Philadelphia-based Trinity Realty Cos. for The Washington Apartments, a mixed-use building with 72 residential units and 16,500 square feet of ground-floor commercial space at 2224-50 Germantown Ave. in Kensington near Temple University.View on map
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Address2224-50 Germantown Avenue
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