Roselle, IL $14,360,000 72 Unit Multi-family Acquisition & Construction

Knighthead provided a $14.36mm first mortgage for the acquisition and construction of 72 townhomes in Roselle, IL. All units will be a 2 bedroom/2 bathroom including an in-unit washer/dryer and will average ~1,400 SF.  This loan was underwritten to 76% of cost and 66% of as complete value.