Transaction News, Uncategorized September 13, 2019 Lodge Financial closes $12.5 million in financing for Chicago deconversion Lodge Financial successfully secured long term financing on a 64-unit condo deconversion with 64 different sellers. The $12,500,000 purchase price was supported by a loan of $8,225,000 with 65 percent of stabilized value. The borrowers inherited the building at the time of closing with over 30 percent of the units being vacated by existing owners. Read More