MLG Legacy Fund & MLG Capital Acquire 278-Unit Multifamily Property In Rockford For $27.4M | 375 Bienterra Trail | Brett Hood | MultiFamily | Loan

Summary

Loan

ILLINOIS

MultiFamily

During a recent closed property transaction in Rockford, a 278-unit multifamily asset located at 375 Bienterra Trail changed hands. The property, managed by MLG Legacy Fund & MLG Capital, was sold under an acquisition loan.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $27,400,000
Date: 07/21/2022
Address: 375 Bienterra Trail, Rockford
Market: Rockford
Units: 278

Brett Hood from Northmarq represented the buyer in this transaction. The 10-year loan, with a fixed interest rate, facilitated the acquisition of the multifamily property at 375 Bienterra Trail.

Players

All
2

Agents
1
Agencies
1

Brett Hood

Managing Director

NorthMarq

Details

Deal Summary

FINANCED

IMAGE: Brett Hood DATE: 07/21/2022 ADDRESS: 375 Bienterra Trail MARKET: Rockford ASSET TYPE: Multifamily ~ UNITS: 278 LANDLORD: MLG Legacy Fund & MLG Capital (@MLGCapital.RE) BROKER: Brett Hood - Northmarq (@Northmarq) LOAN AMOUNT: $27,400,000 LOAN TYPE: Acquisition Loan LOAN TERMS: 10-year loan features a fixed interest rate

View on map

Address375 Bienterra Trail

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want