Glenview Manufactured Housing

Glenview, IL

  • Property Type / Manufactured Housing
  • Location / Glenview, IL
  • Loan Amount / $34,000,000
  • Lender Type / Non-recourse Bridge
  • Services / Refinancing

A CRECA member originated a 3 year, non-recourse bridge loan that has 2 one-year extension options.  The loan features a floating rate and is interest-only for the entire term.  Proceeds were used to pay off the existing loan, pay closing costs, return equity to the borrower, fund an escrow for future home purchases and capital improvements and features future earn-out provisions.


The Cove at St. Johns Apartments

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