Mission Capital has arranged a $16.5 million bridge loan for Valley Square, an office complex in Blue Bell, PA.
Mission Capital Arranges $16.5M Loan for Valley Square Office Complex in Pennsylvania
March 30, 2016 By Amy Works
Located at 512 Township Line Road in Blue Bell, Pa., Valley Square consists of five
buildings offering a total of 289,184 square feet of office space.
BLUE BELL, PA. — Mission Capital Advisors has arranged a $16.5 million bridge
loan for Valley Square, an office complex located at 512 Township Line Road in Blue Bell. Steven Buchwald and Lexington Henn of Mission Capital secured the loan for the borrower, Contrarian Capital Management. After acquiring the five-building,
289,194-square-foot complex in 2013 for $8.5 million, Contrarian and its operating partner, Corvest Realty Group, implemented millions of dollars of capital improvements at the property and substantially leased many of the upgraded buildings. Originally constructed in 1983, the property is located approximately 20 miles northwest of Philadelphia.