Bank Of America & JPMorgan Chase Bank Grants $220M Loan For Brandywine's Commerce Square Office Complex

Philadelphia's Commerce Square office complex, located at 2005 Market Street in Center City, has secured $220 million in mortgage financing from Bank of America and JPMorgan Chase Bank. The five-year loan, with interest-only payments, allows the owner Brandywine Realty Trust to refinance existing loans on the 1,900,000 square foot office property.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $220,000,000
• Address: 2005 Market Street
• Market: Center City, Philadelphia
• Landlord: Brandywine Realty Trust
• Lenders: Bank of America & JPMorgan Chase Bank
• Loan Type: Refinance
• Loan Terms: Five-year, interest only

Bank of America and JPMorgan Chase Bank have provided the necessary financing for the Philadelphia office complex owned by Brandywine Realty Trust. The loan will enable Brandywine to refinance its existing loans, with a five-year term and interest-only payments. This transaction highlights the commitment of major financial institutions to support commercial real estate ventures in Philadelphia.