Deal Summary
INSIGNIA arranged $1,300,000 of three-year acquisition financing for an owner-user Montessori school property in Mundelein, Illinois, at 76.5% of appraised value.
| Item | Detail |
|---|---|
| Transaction type | Owner-user acquisition financing |
| Property | Montessori school, 9,144 SF, one story, built 2000, owner-occupied |
| Location | Mundelein, Illinois 60060 |
| Total financing | $1,300,000 |
| Loan structure | Fixed-rate term loan |
| Term | 3 years |
| Loan to value | 76.5% of appraised value |
| Capital source | Proprietary capital |
The Transaction
A Montessori school acquired its own building, a 9,144 SF single-story property on a 1.39 acre site, to operate as an owner-user. Schools are special-use properties that many conventional lenders limit or avoid. INSIGNIA arranged a three-year, fixed-rate term loan funded with proprietary capital, sized at 76.5% of the appraised value.
Capital Structure
| Item | Detail |
|---|---|
| Loan amount | $1,300,000 |
| Loan to value | 76.5% |
| Structure | Fixed-rate term loan, balloon at maturity |
| Term | 3 years |
| Capital source | Proprietary capital |
INSIGNIA
INSIGNIA arranged the financing, including structuring the request, selecting the capital source and coordinating the process through closing. Special-use and owner-occupied properties are a core part of our practice, and we place financing across property types 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.
