Waterfall Closes $127 Million Refinancing for Chesterbrook Campus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 17 2026
0mins
Source: PRnewswire
- Significant Financing: Waterfall Asset Management has successfully closed a $127 million refinancing for Chesterbrook Campus, which not only provides a flexible financing structure but also supports future leasing activities and capital improvements, thereby strengthening its market position in the Philadelphia area.
- Strong Property Background: Chesterbrook Campus encompasses 1.1 million square feet across 14 Class A office buildings located in the King of Prussia/Wayne submarket of the Philadelphia metropolitan area, with Rubenstein Partners having invested over $50 million in capital improvements since its acquisition in 2019, enhancing its appeal.
- Strategic Partnership: The collaboration between Waterfall and Rubenstein Partners aims to leverage their expertise in office property investments, with Rubenstein demonstrating a strong track record in executing value-enhancing strategies, laying a solid foundation for the future development of Chesterbrook Campus.
- Convenient Transportation: Chesterbrook Campus boasts excellent transportation access, being close to major highways and public transit, and is the only major office campus with a dedicated exit on Route 202, which will further attract tenants and enhance the property's market competitiveness.
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Analyst Views on RC
Wall Street analysts forecast RC stock price to rise
3 Analyst Rating
0 Buy
2 Hold
1 Sell
Moderate Sell
Current: 1.660
Low
2.05
Averages
2.43
High
2.75
Current: 1.660
Low
2.05
Averages
2.43
High
2.75
About RC
Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances and services lower-to-middle-market investor and owner-occupied commercial real estate loans. The Company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge as well as U.S. Small Business Administration loans under its Section 7(a) program. Its segments include LMM Commercial Real Estate and Small Business Lending. The LMM Commercial Real Estate segment originates lower-to-middle-market commercial real estate (LMM) loans across the full life cycle of an LMM property, including construction, bridge, stabilized and agency loan origination channels through its subsidiary, ReadyCap Commercial, LLC. The Small Business Lending segment acquires, originates and services owner-occupied loans guaranteed by the SBA under the SBA Section 7(a) Program through its subsidiary, ReadyCap Lending, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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