Associated Bank Provides $36.8M Loan For Crystal Lake Mobile Home Park
917 Crookedstick Drive, Crystal Lake, Illinois 60014, United States
$36,840,000
Building Size
—
Asset Type
Other
Closing
Jan 24, 2022
About this deal
AI
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.
On the Map
$36,840,000
Other
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Players
Crystal Lake Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93