RML CAPITAL SECURES $12.5 MILLION LOAN IN LAKE COUNTY, ILL.

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LAKE COUNTY, ILL. — RML Capital has secured a $12.5 million first mortgage for the Ponds Assisted Living Facility, which is located at 170 Jameson Lincolnshire in Lake County. The property, which can accommodate 110 residents, is currently 90 percent occupied. The loan has a 35-year term and a 35-year amortization schedule. The financing was placed with a HUD and Cambridge Realty Capital was the processor. The borrower was The Ponds LLC.

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