LEV Capital Arranges $3.1M Acquisition Loan For Industrial Portfolio In Harvey, South Holland, Posen, And Dolton, IL

The asset involved in the transaction is an industrial property located at 2515-55 W Veterans Drive, 771-75 California Avenue, 16802-24 Lathrop Avenue, 16842-88 Lathrop Avenue, and 117-141 W 154th Street South within the markets of Harvey, South Holland, Posen, and Dolton, Illinois. The property has a total square footage of 166,400 and secured a loan amount of $3,087,000 under acquisition financing with terms specifying a 70% loan-to-value ratio and a 4.99% interest rate.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,087,000
• Loan Type: Acquisition
• Loan Terms: 70% LTV, 4.99% Rate
• Asset Address: 2515-55 W Veterans Drive, 771-75 California Avenue, 16802-24 Lathrop Avenue, 16842-88 Lathrop Avenue & 117-141 W 154th Street South
• Market: Harvey, South Holland, Posen & Dolton, Illinois
• Asset Size: 166,400 SF

The brokers representing the transaction are Ethan Freilich, Don Pavlov, Andres Breuer, and Yaakov Zar from LEV Capital. They have played a key role in facilitating the acquisition process for the involved asset.