South Suburb of Chicago - Acquisition and Rehab Loan of Apartment Building
Client: A well established real estate developer and investor in the South suburbs of Chicago.
Transaction: Acquisition of a vacant apartment building that required rehab and lease up of tenants.
Challenge: Client wanted to close quick on a transaction to buy a vacant building and secure funds for purchase and rehab.
Opportunity: Sherpa Capital Group LLC was able to move quickly-within three days we quoted loan terms, visited the property, met with the investor and conducted other standard due diligence.
Action: Sherpa Capital Group, LLC provided a first mortgage structured as a construction loan to rehab units and allow developer to re-lease and stabilize asset.
Transaction: Acquisition of a vacant apartment building that required rehab and lease up of tenants.
Challenge: Client wanted to close quick on a transaction to buy a vacant building and secure funds for purchase and rehab.
Opportunity: Sherpa Capital Group LLC was able to move quickly-within three days we quoted loan terms, visited the property, met with the investor and conducted other standard due diligence.
Action: Sherpa Capital Group, LLC provided a first mortgage structured as a construction loan to rehab units and allow developer to re-lease and stabilize asset.
