Dry Dock Ingleside
StackSource successfully arranged acquisition financing for a 2-unit commercial property located in Ingleside, IL. The property is currently occupied by a long-term hair salon tenant and a laundromat business. The buyer also acquired the laundromat business, which occupies more than 50% of the property. Capital Advisor Chris Peters secured financing from a local bank lender that provided two loans, one for the real estate and second for the laundromat business. Both loans have 4-year terms and rates are 4.50% for the real estate and 5.00% for the laundromat business.