Brewerytown Apartments, Philadelphia, PA


Brewerytown Apartments, Philadelphia, PA

Linden Lane Structured Capital (LLSC) closed on a $4.8 million preferred equity investment for the redevelopment of a 162-unit project located in the Brewerytown neighborhood of Philadelphia, PA. The existing 6-story building was being gut rehabbed into loft style apartments. Additional funds were required for the retail buildout. The investment was out for approximately 1.5 years and paid a mid-teens IRR. Sponsor recourse was provided to solve for a complex, over-levered capital stack. LLSC’s knowledge of the local market, familiarity with the asset and knowledge of the sponsor provided a competitive edge.


Sponsor needed additional cash to renovate retail space and finish the multifamily building.


Structured a loan secured with full recourse to the sponsors.
Results – Investment paid off in 24 months with a deal level IRR of 18%

Some Pictures