BridgeInvest Closes a $20.4 MM Acquisition Loan in Chicago, IL
1st Priority Mortgage Loan
Loan Amount
$20,400,000
Property Type
Townhome-Complex
Location
Chicago, IL
BridgeInvest is excited to announce the closing of a $20.4 million acquisition loan that is senior secured by a 52-townhome complex in Chicago, IL. The Sponsor will convert the multifamily property into individual townhomes for sale to end users.
- Flexible Loan Structure with Partial Releases
- Multifamily-to-Townhome Conversion
- Burgeoning Avondale Submarket
