Deal Summary
INSIGNIA arranged a $1,650,000 as-completed refinance recapitalization for a luxury spec home in Glencoe, Illinois, while the property was marketed for sale.
| Item | Detail |
|---|---|
| Transaction type | As-completed refinance recapitalization |
| Property | Luxury spec single family home, 5,778 SF, 6 bed, 7 bath, built 2024 |
| Location | Glencoe, Illinois |
| Total financing | $1,650,000 |
| Loan structure | Interest-only bridge loan |
| Term | 12 months |
| Capital source | Proprietary capital |
The Transaction
With construction complete and the home on the market, the builder needed capital to carry the property through the sale process. INSIGNIA arranged an interest-only bridge loan funded with proprietary capital that refinanced and recapitalized the completed project.
The original ground-up construction financing for this project is summarized separately: view the construction financing.
Capital Structure
| Item | Detail |
|---|---|
| Loan amount | $1,650,000 |
| Structure | Interest-only bridge loan, balloon at maturity |
| Term | 12 months |
| Basis | As-completed |
| Capital source | Proprietary capital |
INSIGNIA
INSIGNIA arranged the financing, including structuring the request, selecting the capital source and coordinating the process through closing. We stay with builder and developer clients beyond construction, arranging refinance and recapitalization financing for completed projects through the sale period.
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.
