The Brookstone Apartments in Waukegan, a garden-style affordable housing complex built in 1986, consists of 168 units spread across four buildings. Located at 4200 Hickory Hills Drive in Waukegan, the complex was recently acquired with the assistance of an $8.3 million Fannie Mae loan facilitated by Adam Gould of Bellwether Enterprise (BWE). The loan, for the acquisition of this multifamily property, spans 10 years and features 36 months of interest-only payments with a 30-year amortization schedule.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,300,000
• Address: 4200 Hickory Hills Drive
• Market: Waukegan
• Units: 168
• Lender: Adam Gould - Bellwether Enterprise (BWE)
• Loan Type: Acquisition Loan
• Loan Terms: 10-year loan with 36 months of interest-only payments and a 30-year amortization

Adam Gould of Bellwether Enterprise (BWE) played a crucial role in originating the $8.3 million Fannie Mae loan for the acquisition of the Brookstone Apartments in Waukegan. The loan, secured by a first lien on the property, provides the necessary financial backing for the ownership transition of this substantial real estate asset in the suburban area of Chicago.