Dry Dock Ingleside

Lake County
,
IL
4.5% fixed on small balance commercial
Amount: $
130000
Interest Rate: 
4.5
%

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.

Charitable Cause supported by 1% of StackSource's revenue on this transaction:
Habitat for Humanity of Greater Newark