Structured and arranged a bridge loan to recapitalize a 304-unit, 216, 800-square-foot, garden rental community situated on 32.5 acres of land in Woodridge, Illinois.
Challenges
Client was seeking to repatriate capital prior to completing a value-add turnaround strategy, prompting the need to max proceeds coupled with a cash-out component. Furthermore, a multiparty ownership structure created complexities in meeting lenders balance sheet requirements.
