Deal Summary
INSIGNIA arranged $120,000 of bridge to sale financing for a recently completed single family gut rehabilitation in Bellwood, Illinois.
| Item | Detail |
|---|---|
| Transaction type | Bridge to sale financing |
| Property | Single family residence, recently completed gut rehabilitation |
| Location | Bellwood, Illinois |
| Total financing | $120,000 |
| Loan structure | Interest-only bridge loan |
| Term | 6 months |
| Capital source | Proprietary capital |
The Transaction
The borrower had completed a gut rehabilitation of the single family residence and was positioned to sell. INSIGNIA arranged a short-term, interest-only bridge loan funded with proprietary capital to carry the property through the sale process, with the principal balance due at maturity from sale proceeds.
Capital Structure
| Item | Detail |
|---|---|
| Loan amount | $120,000 |
| Structure | Interest-only bridge loan, balloon at maturity |
| Term | 6 months |
| Capital source | Proprietary capital |
INSIGNIA
INSIGNIA arranged the financing, including structuring the request, selecting the capital source and coordinating the process through closing. Investors who have finished a renovation often need to carry a property to sale without a conventional loan underwriting timeline, and we place that type of financing using the capital source that fits the borrower and the asset.
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.
