Deal Summary
INSIGNIA Financial Services arranged delayed financing on a long-term rental property in Chicago, Illinois, with a quick close and no appraisal.
| Item | Detail |
|---|---|
| Transaction type | Delayed financing |
| Property | Long-term rental |
| Location | Chicago, Illinois |
| Execution | Quick close, no appraisal |
The Transaction
The loan was placed on a long-term rental property and structured for a quick close without an appraisal.
Financing Structure
Delayed financing allows an investor who purchased a property with cash to place a loan on it shortly after closing and recover a portion of the purchase capital.
INSIGNIA’s Role
INSIGNIA arranged the financing for this transaction, working with the borrower to structure the request, select the capital source and manage the process through closing. INSIGNIA arranges financing for rental property investors, including acquisition, refinance, term and cash-out structures across single family, small multifamily and condominium assets.
This summary describes a closed transaction for informational purposes. Terms reflect the loan documents at closing and are not an offer of financing or a statement of current pricing, which varies with market conditions, property type, sponsor credit and program requirements. All loans are subject to credit approval.
