Dwight Capital Secures $47M Multifamily Loan On 300-Unit Property In South Elgin, IL

350 Gyorr Avenue in South Elgin, IL is the subject property in a recent closed transaction. The property is a multifamily asset comprising of 300 units spread across 16.5 acres. The transaction took place on 06/04/2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $47,000,000
• Address: 350 Gyorr Avenue, South Elgin, IL
• Market: South Elgin, IL
• Lender: Dwight Capital - Josh Sasouness, Adam Sasouness & Kevin Lifshitz
• Loan Amount: $47,000,000
• Units: 300
• Acres: 16.5

The transaction involved Josh Sasouness, Adam Sasouness, and Kevin Lifshitz representing Dwight Capital as the lenders in the deal.