#D2 Capital Advisors #Swedesford Crossing #Balashine Properties

D2 Capital Advisors Successfully Arranges $17.75 Million Refinancing for Swedesford Crossing

In a significant move for commercial real estate financing, D2 Capital Advisors (D2CA) announced the successful closure of a $17,750,000 first mortgage loan secured by Swedesford Crossing, a premier office complex located in Wayne, Pennsylvania. This financing not only refinances the property’s existing debt but also paves the way for ongoing investment in the site, enhancing its market position amidst a challenging office financing landscape.

Swedesford Crossing encompasses a total area of 110,361 square feet divided between two meticulously maintained buildings situated at 480 and 500 E. Swedesford Road. The property has established itself as a prime location, housing the corporate headquarters of Affiliated Distributors, the largest independent distribution network in North America, under a long-term lease. The new loan was provided by Morgan Stanley on behalf of Balashine Properties, underscoring strong investor confidence in the asset.

Highlights of the Deal

The five-year, fixed-rate mortgage features a structure that allows for full-term interest-only payments and a non-recourse option, offering Balashine Properties a stable capital influx while ensuring risk mitigation. This favorable arrangement was orchestrated by D2CA, led by industry veterans Jack Cortese and David Frankel, who utilized a competitive marketing strategy that attracted multiple lenders, ultimately selecting Morgan Stanley based on optimal terms and execution reliability.