Citadel Credit Union Closes $50 Million Commercial Real Estate Loan for 2000 Market Street
Citadel Credit Union has closed a record-setting $50 million commercial real estate loan to finance the development of 2000 Market Street in Philadelphia. This marks Citadel's largest commercial loan and highlights its growing ability to lead large-scale, complex financing transactions independently before structuring secondary participations with other lenders. The loan was provided to 2000 Market LLC for a Class A office tower located along the Market West corridor. The $36 million initial funding came from Citadel, while an additional $14 million is available as leasing milestones are met and tenant improvements are completed. Rhyze Solutions served as lender's agent during underwriting. The ownership group includes CSB Holdings LLC (New York) and Tide Realty Capital (Maryland), who acquired the property in August 2025 for $45.5 million. Citadel has previously worked with CSB Holdings on two other transactions, underscoring its expanding role as a commercial lender in Philadelphia.
Topics: commercial real estate credit union expansion large-scale financing