Associated Bank Provides $36.8M Loan For Crystal Lake Mobile Home Park
FINANCED
$36,840,000
Illinois
See Similar DealsOther
Financed 01/25/2022
FINANCED
Associated Bank Provides $36.8M Loan For Crystal Lake Mobile Home Park
917 Crookedstick Drive, Crystal Lake, Illinois 60014, United States
See Similar DealsOther
Financed 01/25/2022
Summary
ILLINOIS
Asset Type:Other
Transaction Type:Loan
A mobile home park located at 917 Crookedstick Ct in Crystal Lake, IL has recently undergone a closed transaction. The loan for this property was provided by Associated Bank, with Edward Notz representing the lender. The loan amount for this transaction was $36,840,000. The landlord of this mobile home park is Marc Realty & Ravinia Communities.
Summary of transaction details
- Property Type: Mobile Home Park
- Transaction Amount: $36,840,000
- Loan Provider: Associated Bank - Edward Notz
- Landlord: Marc Realty & Ravinia Communities
- Address: 917 Crookedstick Ct, Crystal Lake, IL
This transaction highlights the collaboration between Marc Realty & Ravinia Communities, acting as the landlord, and Associated Bank, represented by Edward Notz, as the loan provider. The mobile home park, located at 917 Crookedstick Ct in Crystal Lake, IL, presents an opportunity for investment in the thriving market of Crystal Lake.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$36,840,000.00
Monthly NOI$245,600.00
Monthly Debt Service$232,853.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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