REBusinessOnline

Hunt Provides $26M Refinancing for Apartment Property in Lansing, Illinois

LANSING, ILL. — Hunt Mortgage Group has provided a $26 million Fannie Mae loan for the refinancing of Riverwood Apartments in Lansing, a southern suburb of Chicago. The 354-unit apartment property is located at 3649 173rd Court. Built in 1964, the community is comprised of 10 buildings on 16 acres. Amenities include a sport court, playground, laundry area, fitness center, pool and clubhouse. The 15-year loan features a 30-year amortization schedule. The borrower, Riverwood Apartments LLC, will use the loan to pay off existing debt and facilitate a buy-out of the remaining partners.

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