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917 Crookedstick Drive, Cry...

Updated Oct 28, 2024

Associated Bank Provides $36.8M Loan For Crystal Lake Mobile Home Park
FINANCEDOther

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.

Players

MR
Marc RealtyLandlord

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

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