Lodge Financial closes loan for Crystal Lake storage facility Lodge Financial recently closed on a $7,900,000 construction loan. The financing will go toward a 934-unit self-storage facility in Crystal Lake, Illinois. The financing comes with 75 percent loan-to-cost ratio, with a step-down recourse structure. The 48-month term has 36 months interest only. SOURCE: HERE
Lodge Financial closes loan for Crystal Lake storage facility Lodge Financial recently closed on a $7,900,000 construction loan. The financing will go toward a 934-unit self-storage facility in Crystal Lake, Illinois. The financing comes with 75 percent loan-to-cost ratio, with a step-down recourse structure. The 48-month term has 36 months interest only. SOURCE: HERE