Balashine Properties Secures $17.8 Million Refinance Loan For Office Asset In Wayne PA

The asset involved in the transaction is Swedesford Crossing, an office property located at 480-500 East Swedesford Road in Wayne, PA. The property was constructed in 1975 and underwent renovations in 2007. It is currently home to tenants, including Affiliated Distributors, who have recently expanded their headquarters at this location. The loan amount secured for this property is $17,800,000, with a loan type categorized as refinance, structured with a five-year fixed-rate term.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $17,800,000
• Lender: Morgan Stanley
• Landlord: Balashine Properties
• Loan Terms: five-year, fixed-rate
• Brokers: Jack Cortese & David Frankel - D2 Capital Advisors

Balashine Group secured the financing with limited recourse to the asset, reflecting a shift in lender sentiment towards select office assets. The U.S. office lending market saw a rebound to $46B in 2025, with new capital increasingly aimed at trophy-quality properties despite ongoing sector challenges.