Location: Naperville, IL
Apartment Units: 108
Closed two contiguous, separate deals of 96 units and 12 units with bridge loans and immediately rolled into one agency loan. Renovating a well located, under-performing asset with various levels of updates and market rents into one uniform Axiom standard with the same market rent. Ranked the nation’s “Best Places to Live 2016” by Money Magazine, Naperville School District #203 is consistently ranked as one of the best school districts in the U.S. The acquisition of Whispering Trails will provide a solid return to Investors.