2007 Transactions

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Tremont Structures $12,000,000 Financing for Illinois Condominiums

The Chicago office of Tremont Realty Capital arranged financing for the refinance of Pebblewood Court Condominiums, a 220-unit, 475,689 square foot complex located in Hanover Park, Illinois. 

Mike Hart, a Senior Director with Tremont, arranged the 24-month, $12,000,000 first mortgage loan, which provided 72% loan-to-cost. The property occupies 10.5 acres and consists of 11 buildings that were built in 1973. According to Mike Hart, “The loan Tremont structured enables the sponsor to convert the remaining 150-units in the inventory to condominium quality.”

For additional information on this transaction, please contact:

Michael Hart
Senior Director
Email: mhart@tremontcapital.com
Phone: 312.236.1162