Lodge Financial facilitated $1,305,000 in financing for an out-of-state buyer to purchase a multifamily property in Chicago’s South Shore neighborhood.
According to Lodge Financial’s Matt Lebenson, closing the deal was a feat, as it occurred right in the middle of the COVID-19 crisis. Lenders have been skittish about fund into any transactions during the pandemic.
Located at 7251 S. Phillips Avenue, the 36-unit property features 18 studios, nine one-bedroom and nine two-bedroom units. The asset also features recently renovated kitchens and bathrooms.
