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Par Funding’s Philly properties were sold to pay Ponzi victims — but for less than they cost

This real estate is in city’s coolest neighborhoods, but sales records show some have sold for less than pre-COVID prices.

Par Funding's former offices in Old City, decorated with art, leather couches, a cigar bar, a fully stocked bar, and sports memorabilia. A court-appointed receiver has sold the company's former properties in the neighborhood and across central Philadelphia to raise cash for victims of the company's Ponzi scheme.
Par Funding's former offices in Old City, decorated with art, leather couches, a cigar bar, a fully stocked bar, and sports memorabilia. A court-appointed receiver has sold the company's former properties in the neighborhood and across central Philadelphia to raise cash for victims of the company's Ponzi scheme.Read moreSEC