Barings Provides $67M Recapitalization Loan For Lombard Multifamily Property

450 Woodmoor Dr in Lombard has been the site of a recent closed transaction. This multifamily property consists of 256 units, making it a significant asset in the market. The transaction took place on 04/28/2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $67,000,000
• Loan Type: Recapitalization
• Loan Terms: Three-year term with funding for lease-up to stabilization

The loan for this transaction was provided by barings-4626a10b-91b9-4404-b096-d78fc90a0c26''>Barings, represented by Nicole Pecoulas. The loan amount totaled $67,000,000. It was a recapitalization loan with a three-year term. The loan also included funding to complete the lease-up process and stabilize the property. UrbanStreet Group and Atlas Residential serve as the landlords for this property.