Seminole Financial Services, LLC announced today the closing of a $6.9 million equity investment in a 70-unit multifamily project known as Two Itasca Place located in Itasca, Illinois, approximately 30 miles west of Chicago. The property sits within one mile of the famed Medinah Country Club, host to several U.S. Open and PGA Golf Championships, and home to the 2012 Ryder Cup. The equity investment, combined with a senior loan from a local bank, will allow the developer, The Marquette Companies, to acquire the project and to fund interior and exterior capital improvements. Two Itasca Place is the second of two, five-story buildings which comprise Itasca Place, housing a combined total of 140 units.
For more information about this and other financing, please contact Ron Campbell, Executive Vice President, at (727) 331-8441 or firstname.lastname@example.org.
Seminole Financial Services, LLC (SFS) is the operating entity of the six companies that collectively make up the Seminole Companies (Seminole). SFS is responsible for originating, underwriting, servicing and providing asset management for the debt and equity investments originated for institutional investors managed by sister company, Seminole Advisory Services, LLC (SAS). SFS is a registered investment advisor with the SEC and presently has several hundred million dollars in assets under management. SFS provides debt and equity investments for commercial real estate and renewable energy transactions nationwide, specializing in short and intermediate term investments.
The Marquette Companies (Marquette) are a group of private real estate development companies focused on redeveloping and managing underperforming and undervalued real estate assets nationwide. Marquette is headquartered in Naperville, Illinois.