Lodge Financial Secures $4,095,130 Refinance For Multifamily Portfolio In Chicago

The transaction involves a complex portfolio refinance of a multifamily asset comprising 43 individual condo units situated in the Chicago market. The loan amount secured for this refinance is $4,095,130, under a 30-year fixed-rate cash-out refinance arrangement.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,095,130
• Loan Type: Refinance
• Loan Terms: 30 years
• Broker: Matthew Bowker - Lodge Financial

The deal was facilitated by Matthew Bowker representing Lodge Financial, who successfully managed the repackaging of the individual condo units into a single streamlined transaction. This refinance aims to deliver long-term stability and liquidity for the client's ongoing growth strategy.