Deal Summary
INSIGNIA arranged $350,000 of bridge financing for the acquisition and renovation of a small multifamily property in Chicago, Illinois.
| Item | Detail |
|---|---|
| Transaction type | Acquisition financing |
| Property | Small multifamily, value-add |
| Location | Chicago, Illinois 60656 |
| Total financing | $350,000 |
| Loan structure | Interest-only bridge loan |
| Term | 12 months |
| Capital source | Proprietary capital |
The Transaction
The investor acquired a small multifamily property with a renovation plan. INSIGNIA arranged an interest-only bridge loan funded with proprietary capital, structured around the business plan and the planned exit to longer-term financing or sale.
Capital Structure
| Item | Detail |
|---|---|
| Loan amount | $350,000 |
| Structure | Interest-only bridge loan, balloon at maturity |
| Term | 12 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. Small multifamily is a core part of our bridge practice, and we place acquisition and value-add capital using the 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.
