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
Strategy
— Debt, Development
