PNC Bank Provides $23M Rehab Financing For Senior Housing In Evanston

The senior housing located at 1001 Emerson St in Evanston, IL underwent a closed transaction involving rehab financing on 09/14/2022. The property was owned by Gregory Miller, who acted as the landlord for this deal. PNC Bank provided a loan amount of $23,000,000 for the rehabilitation of the senior housing property.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $23,000,000
• Loan Type: Rehab financing
• Lender: PNC Bank
• Landlord: Gregory Miller

In this transaction, PNC Bank acted as the lender, providing the rehab financing for the senior housing property. Gregory Miller, as the landlord, was responsible for the property ownership and agreed to the loan terms. The loan amount of $23,000,000 will be used to fund the necessary rehabilitation of the senior housing facility on 1001 Emerson St in Evanston, IL.