Transaction News, Uncategorized August 29, 2019 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. Read More
Transaction News, Uncategorized July 23, 2019 Lodge Financial arranges funding for two-property industrial portfolio Skokie, Illinois-based Lodge Financial has arranged financing for a multi-property industrial portfolio. The $4,100,000, cash-out refinance deal had a 75 percent LTV, seven-year term and 25-year amortization. The partial recourse financing had a 4.34 percent fixed rate. Read More
Transaction News, Uncategorized June 5, 2019 Lodge Financial arranges over $2.5M in financing for two Chicago properties Lodge Financial recently closed $2,560,000 in loans for two Chicago properties. The buildings are both multifamily properties, one in the North Side neighborhood of West Ridge and the other on the South Side in Bronzeville. Read More
Transaction News, Uncategorized May 6, 2019 Lodge Financial secures acquisition financing for Chicago multifamily property Lodge Financial’s Matthew Bowker recently closed a $975,000 loan for the acquisition of a 12-unit multifamily property located in the West Rogers Park neighborhood of Chicago. The five-year, 5.25 percent fixed loan had a 30-year amortization. Read More