Deal Summary
INSIGNIA arranged a $420,000 refinance of an owner-occupied commercial mixed-use property in Chicago, Illinois.
| Item | Detail |
|---|---|
| Transaction type | Owner-user refinance |
| Property | Commercial mixed-use, owner-occupied |
| Location | Chicago, Illinois 60607 |
| Total financing | $420,000 |
| Loan structure | Interest-only term loan |
| Term | Approximately three years |
| Capital source | Proprietary capital |
The Transaction
The borrower is a neighborhood bakery that operates from the property and leases apartments above the retail store. INSIGNIA arranged a three-year, interest-only term loan funded with proprietary capital, giving the owner-operator a simple payment structure and a defined term.
Capital Structure
| Item | Detail |
|---|---|
| Loan amount | $420,000 |
| Structure | Interest-only term loan |
| Term | Approximately three years |
| Capital source | Proprietary capital |
INSIGNIA
INSIGNIA arranged the financing, including structuring the request, selecting the capital source and coordinating the process through closing. Owner-occupied commercial real estate is a core part of our practice, and we place financing across mixed-use, special-use and investment assets using the capital source that fits the borrower and the property.
This summary describes a closed transaction for informational purposes and is not an offer of financing or a statement of current pricing, which varies with market conditions, property type, sponsor credit and program requirements.
