Northmarq’s Debt + Equity team secures $2.67M refinancing for Philadelphia mixed-use property

Northmarq’s Philadelphia Debt + Equity team led by John Banas and Kris Wood, along with David Singer and Jeff Steigerwalt, arranged $2.67 million in permanent financing for 3500-08 Sunnyside Avenue and 3400-08 Conrad Street in Philadelphia, Pennsylvania.

“It’s always a pleasure to be able to work with and help a new client, especially when it’s a referral from an existing one. Thanks, as always, to the team at Full Court Construction for the trust,” said Banas.

The tailored financing supports the refinance of a 19-unit, mixed-use property with surface level and garage parking, along with five contiguous rental townhomes located in the East Falls neighborhood of Philadelphia. 

East Falls is a well-established section of the city, characterized by a diverse and complementary mix of real estate. The area benefits from strong connectivity to the broader transportation network, enhancing accessibility for residents. Both properties successfully blend neighborhood character with modern updates, and their location supports a well-rounded lifestyle with convenient access to local amenities.