FINANCED
Flaherty & Collins Secures $16M Loan For Mundelein Development Site
Flaherty & Collins borrows $16,000,000 for development site property in Mundelein
Development Site
Financed 353 days ago
Summary
Loan
ILLINOIS
Development Site
Flaherty & Collins has secured a loan of $16,000,000 for the development site property located in Mundelein. The loan will support the Plaza Circle redevelopment project, which aims to revitalize the area and create a vibrant downtown. The project includes market-rate apartments, townhouses, commercial space, and public amenities, aligning with the village's vision for a transit-oriented community.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $16,000,000
- Address: Mundelein
- Landlord: Flaherty & Collins - David Flaherty
Mundelein officials have agreed to sell a vacant parcel and provide $16 million in financing to Flaherty & Collins for the Plaza Circle redevelopment. This loan allows Flaherty & Collins to move forward with their plans to revitalize the area and create a vibrant and transit-oriented downtown community.
Details
FINANCED
IMAGE: David Flaherty
DATE: 05/25/2023
ADDRESS: Flaherty & Collins borrows $16,000,000 for development site property in Mundelein
MARKET: Mundelein
ASSET TYPE: Development Site
LANDLORD: Flaherty & Collins (@FlahertyCollins) - David Flaherty
LOAN AMOUNT: $16,000,000
NOTE: Mundelein officials have agreed to sell a vacant parcel and provide $16 million in financing to Flaherty & Collins for the Plaza Circle redevelopment, a mixed-use project aimed at revitalizing the area. The project includes market-rate apartments, townhouses, commercial space, and public amenities, aligning with the village's vision for a vibrant and transit-oriented downtown.View on map
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AddressFlaherty & Collins borrows $16,000,000 for development site property in Mundelein
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