Bridge Financing for a Project Downtown Philadelphia, PA

Bridge financing loan in Philadelphia

Project Description

The borrowers sought bridge financing for an existing 8,000-square-foot building on .11 acres located in the Rittenhouse Square neighborhood in downtown Philadelphia. Broadmark Realty Capital was chosen as the lender for our creativity and ability to extend a loan based on the as-is value of the asset rather than the purchase price. This was due to the borrower’s ability to improve the asset prior to close by taking the project through zoning, which will allow the building to be converted into eight high-end apartments on the well-known Delancey Street.

Loan Details

Broadmark logo

Philadelphia, PA

Broadmark logo

October 2020

Broadmark logo


Contact Information

Jordan Siao, Eastern Region

Discover Similar Case Studies

Your real estate goals–accomplished. Broadmark has designed financial solutions for savvy real estate developers, operators, and owners. Read about our successes and contact us today to learn how we can help you reach your goals.


Request Terms

"*" indicates required fields

Preferred Contact Method*
This field is for validation purposes and should be left unchanged.

Smart. Reliable. Rapid.

Your trusted partner in real estate finance.