HUD 223 Lends $12.1M For 285-Unit Multifamily In Champaign, IL | 1862 Valley Road | Matthew (Matt) Stearns, Raymond Zanca | MultiFamily | Loan

Summary

Loan

ILLINOIS

MultiFamily

256,230 sqft

An HUD 223 loan has been secured for a multifamily property located at 1862 Valley Road in Champaign, IL. The property spans 256,230 square feet and comprises 285 units. The loan was arranged by Matt Stearns and Raymond Zanca of BlackBear Capital Partners.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $12,120,800
Loan Terms: 35-years fixed at 2.30%, non-recourse

Matt Stearns and Raymond Zanca of BlackBear Capital Partners represented the borrower in securing the HUD 223 loan for this multifamily property.

Players

All
3

Agents
2
Agencies
1

Matthew (Matt) Stearns

Senior Managing Director

Raymond Zanca

Senior Managing Director

Black Bear Capital Partners

Details

Deal Summary

FINANCED

IMAGE: Matt Stearns & Raymond Zanca DATE: 03/01/2021 ADDRESS: 1862 Valley Road MARKET: Champaign, IL ASSET TYPE: Multifamily ~ SF: 256,230 ~ UNITS: 285 LENDER: HUD 223 BROKERS: Matt Stearns & Raymond Zanca - @BlackBearCapitalPartners LOAN AMOUNT: $12,120,800 LOAN TERMS: 35-years fixed at 2.30%, non-recourse

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Address1862 Valley Road

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