Strauss Malk & Feder recently represented their client in the closing on a Chicagoland Suburban Condominium Deconversion. As apartment buildings have seen their rents skyrocket our team structured a successful close so that our client could capitalize on this market. The building consisted of 357 residential units. As a part of the deal, the financing involved a “bridge loan” for 80% of the purchase price enabling our client to stabilize the property before replacing the loan. The transaction also included a tenant-in-common ownership structure with our client’s capital partner to facilitate a tax efficient investment structure. Our proven track record of handling complex transactions has yielded great financial success for our clients.
Strauss Malk & Feder’s team (Arnie Malk, Jay Glaubinger, Mark Chavin, Sarah Freund and Benjamin Feder) were honored to work alongside their client in structuring this deal and look forward to continuing our relationship as they seek out other investments.