31st and Thompson Streets, Philadelphia, PA
Llenrock Group secured $8,000,000 in construction financing from a regional bank on behalf of its client, Westrum Development, for the development of 31 Brewerytown. The loan represents over 75% of the project’s costs. Situated on a one-acre site at the corner of 31st and Thompson Streets in Philadelphia, this complex will feature 64 Class-A apartments with parking. Llenrock Group Associate Harrison Finberg comments, “Thanks to Westrum’s excellent development plan, we were able to secure financing from a bank that shared our client’s vision for the neighborhood. We are excited to assist in the continuing revitalization of Brewerytown.” Just north of Center City Philadelphia, the Brewerytown community is among the most dynamic of Philadelphia’s resurgent neighborhoods. Westrum Development’s 31 Brewerytown will offer residents a neighborhood rich in history and culture. Residents will enjoy convenient access to the region’s many significant education, government, and commercial establishments as well as public transit and interstates 76 and 95.