Tremont Structures $5,250,000 Financing for Illinois MHC

CHICAGO, IL--The Chicago office of Tremont Realty Capital arranged financing for the refinance of Valley View Estates, (photo at left below) a 234-site manufactured housing community located in Shiloh, Illinois.

Thomas Lorenzini, (top right photo) a Managing Director with Tremont, arranged the $5,250,000 loan, which was funded through a Fannie Mae DUS lender. The 9-year, non-recourse loan provided for roughly an 80% loan-to-value with a 5.86% interest rate. The property was 93% occupied at the time of closing.



Amenities include a playground and a basketball court. According to Lorenzini, “Given Tremont’s successful track record with manufactured housing communities, we were able to ensure a smooth and timely closing for the borrower during this turbulent market.”

Tremont Realty Capital, LLC is a national real estate investment and advisory firm, which makes direct debt and equity investments and provides institutional advisory services. Direct programs include high leverage bridge loans, short and long term mezzanine loans and equity capital. The Chicago office of Tremont Realty Capital is located at 30 N. LaSalle Street, Suite 2050, Chicago, IL 60602. The phone number is 312.236.2444 and the fax number is 312.236.1534.





You can visit Tremont on the Internet at http://www.tremoncapital.com/.

For additional information on this transaction, please contact:
Tom Lorenzini at 312.236.0960