Seminole Financial Services, LLC (“Seminole”) announced today the closing of a $6.45 million interim investment in an 82-unit multifamily project in Naperville, Illinois.
The combined equity and debt investment will allow the borrower to revert the property from a for-sale condominium project to a for-lease multifamily property until the residential real estate sales market improves.
Please visit www.pondsofnaperville.com for further details.
For information about this and other financing, please contact Ron Campbell, Executive Vice President for Seminole Financial Services at (727) 331-8441 or at 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). SAS 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 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.