Bridge Land Loan, Residential Build to Rent Project/For Sale Single Family Homes - Bolingbrook, IL

Overview: Bridge Land Loan, 228-Home Build-for-Rent Development

Location: Bolingbrook, IL

Client: An experienced institutional real estate developer pursuing a large-scale residential development.

Asset: Approximately 74 acres of land planned for the future development of 228 build-for-rent single-family homes, adjacent to Bolingbrook Golf Club.

Purpose: Bridge acquisition financing to allow the developer to acquire the property and preserve the significant time and capital already invested in securing development rights.

Challenges:
• Extremely tight closing timeline
• Significant time and capital already invested in development rights
• Financing needed to be structured, underwritten and closed within approximately 7 days

Our Solution:
Sherpa Capital Group provided bridge loan and completed the closing in just 7 days. The transaction required quick underwriting, decision-making and execution within a very short window.

Our ability to move quickly provided the developer with the financing needed to complete the acquisition and protect the substantial investment already made in advancing the project.

Outcome:
The loan funded successfully, allowing the developer to acquire the 74-acre site and continue moving forward with plans for a 228-home build-for-rent community.

The future community is planned adjacent to Bolingbrook Golf Club, with proximity to schools, recreation and green space.