Tammy Jones Of Basis Investment Group Provides $19.95M Loan For Mixed-Use Property In Philadelphia

The asset involved in this transaction is a mixed-use property located at 501 East Girard Avenue, Philadelphia, PA. It features 71 apartments and 12,660 square feet of fully leased retail space. The residential portion is currently 95% occupied. The property was developed in 2020 and is managed by GY Properties.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $19,950,000
• Lender: Tammy Jones - Basis Investment Group
• Landlord: GY Properties
• Loan Type: Bridge

This transaction highlights the involvement of Tammy Jones representing Basis Investment Group as the lender for the deal. The bridge loan provided is aimed at refinancing Wolff Court and supporting tenant improvements, leasing costs, and ongoing stabilization efforts.