Bridge Financing

in

Grayslake, IL

$34,000,000
Bridge loan in Grayslake, IL
January 6, 2021
Overview

The $34 million bridge loan was used for the de-conversion and renovation of a 396-unit condominium development located in Grayslake, IL.

The financing allowed the client to gain control of more than 75% of the development’s units, granting the client control over the condominium board. Additionally, the property required capital improvements to both the exterior of the property and to the interior of the units, illustrating a true value-add opportunity.

Execution Team

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