East Passyunk Development

Opportunistic acquisition of distressed development project in Philadelphia, PA.
7 townhomes; ~21,000 gross square feet

Opportunity at Acquisition

— Acquire non-performing loan collateralized by a partially completed development site in East Passyunk, a thriving neighborhood in Philadelphia

— Projected meaningful return upside for completing development due to deeply discounted purchase price

— Acquisition supports Silverstone's mission to create exceptional places

Business Plan

— Purchased loan with equity for full flexibility

— Converted loan to equity ownership

— Complete remaining construction scope and monetize investment through exit

— Hire reputable local project manager to oversee design, construction and permitting


— Debt, Development

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