Greystone Provides $60M Bridge Loan For Schaumburg Condo Development

The condo located at 21 Kristin Dr in Schaumburg has recently been involved in a closed property transaction. The property is a condominium with a total of 357 units.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $60,000,000
• Loan Type: Bridge Loan
• Loan Terms: The interest-only bridge loan carries a 24-month term with two six-month extension options
• Lender: greystone'>Greystone - Eric Rosenstock & Dan Sacks
• Landlord: Bayshore Properties - Nick Kozul

The key individuals involved in this deal include Eric Rosenstock and Dan Sacks from Greystone, who served as the lenders for the transaction. Nick Kozul from Bayshore Properties acted as the landlord. The loan amount for this transaction was $60,000,000, and it was a bridge loan with interest-only payments. The loan has a 24-month term and provides the option to extend for two six-month periods.