PGIM Real Estate Provides $63.2M Loan For Bourbonnais Mobile Home Park

A mobile home park located at 43 E 5000N Rd in Bourbonnais has recently been involved in a closed transaction. The property spans across approximately 157 acres, making it a significant asset in the market. The deal has attracted attention due to the involvement of several key players.

Summary of transaction details:

• Property Type: Mobile Home Park
• Transaction Amount: $63,200,000
• Date: 04/21/2022
• Address: 43 E 5000N Rd, Bourbonnais
• Market: Bourbonnais
• Asset Type: Mobile Home Park
• Acres: 157

The lender in this transaction is PGIM Real Estate, represented by Eric Adler. They have provided a loan amount of $63,200,000. The loan terms consist of a 10-year, fixed-rate structure with five years of interest-only payments. This arrangement is further followed by a 30-year amortization schedule.

Maverick Commercial Mortgage Inc acted as the broker for this deal, facilitating the transaction between the parties involved.