Deal Summary
INSIGNIA arranged cash-out financing secured by a first lien on a four-unit multifamily property in Chicago, Illinois.
| Item | Detail |
|---|---|
| Transaction type | Cash-out financing |
| Property | Multifamily, 4 units, built 1920, non-owner-occupied |
| Location | Chicago, Illinois 60623 |
| Lien position | First lien |
| Loan structure | Interest-only term loan |
| Term | 18 months |
| Capital source | Proprietary capital |
The Transaction
The borrower held a four-unit rental property. INSIGNIA arranged a first-lien, interest-only term loan funded with proprietary capital, with a balloon payment at maturity.
Capital Structure
| Item | Detail |
|---|---|
| Lien position | First lien |
| Structure | Interest-only term loan, balloon at maturity |
| Term | 18 months |
| Capital source | Proprietary capital |
INSIGNIA
INSIGNIA arranged the financing, including structuring the request, selecting the capital source and coordinating the process through closing. We place cash-out and term financing for rental property investors across single family, small multifamily and condominium assets.
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.
