CHICAGO, IL--The Chicago office of Tremont Realty Capital arranged financing for the acquisition of Antelope RV & Mobile Home Park, (bottom left photo) a 120-site MHC located in Gillette, Wyoming.
Thomas Lorenzini, (top right photo) a Managing Director with Tremont, arranged the $2,715,000 first mortgage loan, which was funded through a local Chicago bank.
Thomas Lorenzini, (top right photo) a Managing Director with Tremont, arranged the $2,715,000 first mortgage loan, which was funded through a local Chicago bank.
The 36-month, recourse loan provided for roughly 75% loan-to-value with a 6% interest rate. The property was 99% occupied at the time of closing. Amenities include a child
ren’s playground. According to Lorenzini, “Tremont was able to arrange the financing and facilitate a quick close for the client despite the challenging capital markets.”
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.
ren’s playground. According to Lorenzini, “Tremont was able to arrange the financing and facilitate a quick close for the client despite the challenging capital markets.”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 312.236.0960 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 or tlorenzini@tremontcapital.com
CONTACT:
Aimee Munsey, Senior Associate, Marketing & Communications, Tremont Realty Capital
The Prudential Tower 800 Boylston Street, 45th Floor Boston, MA 02199 p: 617.867.0700 x784. f: 617.867.0077
For additional information on this transaction, please contact: Tom Lorenzini at 312.236.0960 or tlorenzini@tremontcapital.comCONTACT:
Aimee Munsey, Senior Associate, Marketing & Communications, Tremont Realty Capital
The Prudential Tower 800 Boylston Street, 45th Floor Boston, MA 02199 p: 617.867.0700 x784. f: 617.867.0077
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