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
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
Transaction News, Uncategorized November 5, 2018 Lodge Financial arranges $5.6M in financing for two separate Chicago MSA properties Lodge Financial arranged financing for two separate transactions in the Chicago area. A $3,750,000 loan will go toward the refinancing of a 33,500-square-foot land parcel in Chicago’s West Loop neighborhood, while in Waukegan, Illinois, Lodge Financial raised $1,892,000 on behalf of a client to acquire a four-building multifamily portfolio. Read More