INLAND ARRANGES ACQ. LOAN FOR ILL. RESIDENTIAL PROJECT
HINSDALE, ILL. — Inland Institutional Capital Partners Corp. has arranged debt and equity financing for the acquisition of a partially completed residential project in Hinsdale. Known as The Hamptons of Hinsdale, the project will include 93 condominiums, 26 townhomes and three single-family homes. The funding, which is being provided by Grosvenor Residential Investment Partners and Citizens Financial Bank, will help restart construction on the community. Inland Opportunity Fund LLC acquired the project through Inland Opportunity Hinsdale Hamptons LLC, a wholly owned subsidiary.