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Trez Forman Capital Arranges $6.7M Loan for Mixed-Use Project in Philadelphia

1413-Germantown-Philadelphia-PA

The proposed mixed-use project at 1413 Germantown Ave. in Philadelphia will feature 50 apartments and 5,500 square feet of ground-floor retail space.

PHILADELPHIA — Boynton Beach, Fla.-based Trez Forman Capital Group has arranged a $6.7 million loan for the development of a mixed-use project located in Philadelphia. The borrower, Gagandeep Lakhama of 1413 Germantown LLC, plans to develop a six-story, 50-unit apartment building with 5,500 square feet of ground-floor commercial space on a 14,625-square-foot site at 1413 Germantown Ave. Ryan Howard of Trez Forman originated the loan. This is the first time Trez Forman has done business in the state of Pennsylvania.

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