Lodge Financial closes loan for 40-unit courtyard in Rogers Park

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Lodge Financial has successfully closed an acquisition loan secured by a 40-unit two-courtyard apartment building located at 7375-83 N. Winchester Avenue, Chicago, Illinois.

Details of the loan include the following:
75% of the loan to the cost, Validity 10 years, rate 3.95%, interest rate only 1 year, non-recourse, reduced prepayment, agency lender



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