Trinity Realty Companies Secures $16.1M Bridge Loan For Mixed-Use Property In Philadelphia

The mixed-use property located at 2224 Germantown Avenue in Philadelphia, PA has been involved in a recent loan transaction. The loan amount for this transaction was $16,055,000, provided as a bridge loan by a regional balance sheet lender. The loan terms include three three-year interest-only payments based on the SOFR index.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $16,055,000
• Address: 2224 Germantown Avenue, Philadelphia, PA
• Market: Philadelphia, PA
• Landlord: Trinity Realty Companies
• Brokers: Craig Thom & Matthew Rosenberg - SCOPE Capital Group

Craig Thom and Matthew Rosenberg from SCOPE Capital Group served as brokers in this loan transaction. They facilitated the deal between the regional balance sheet lender and the landlord, Trinity Realty Companies. The loan provides a bridge-to-HUD financing option for the mixed-use property at 2224 Germantown Avenue.