Deal Summary
INSIGNIA arranged $180,000 of short-term fix and flip acquisition financing for a condominium rehab project in Glenview, Illinois.
| Item | Detail |
|---|---|
| Transaction type | Fix and flip acquisition financing |
| Property | Condominium unit, moderate rehab, non-owner-occupied |
| Location | Glenview, Illinois 60025 |
| Total financing | $180,000 |
| Loan structure | Interest-only bridge loan |
| Term | 6 months |
| Capital source | Proprietary capital |
The Transaction
The investor acquired a condominium unit for a moderate renovation and resale. INSIGNIA arranged an interest-only bridge loan funded with proprietary capital, with a balloon payment at maturity and repayment expected from the sale or refinance of the improved unit.
Capital Structure
| Item | Detail |
|---|---|
| Loan amount | $180,000 |
| Structure | Interest-only bridge loan, balloon at maturity |
| Term | 6 months |
| Use of funds | Acquisition |
| Capital source | Proprietary capital |
INSIGNIA
INSIGNIA arranged the financing, including structuring the request, selecting the capital source and coordinating the process through closing. Short-term acquisition and renovation capital is a core part of our practice, and we place it using the capital source that fits the investor, the asset and the business plan.
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.
