Blackhawk Estates

Location: Des Plaines, IL
Type: Mobile Home Park
Price: $ 19,500,000

SMC has provided a $19,500,000 ten-year fixed rate first mortgage to refinance the existing debt collateralized by Blackhawk Estates, a Three Star manufactured housing community located in Des Plaines, Illinois. The Property was originally developed in 1959 and consists of 496 home sites and an on-site management office. The Subject is improved with paved streets, curbs, and streetlights. Community amenities include a gated entry with security, an on-site management office, on-site maintenance, and laundry facilities. Property is located 20 miles northwest of the Chicago CBD, and borders the northwest corner of Chicago O’Hare International Airport. The Subject features frontage along Touhy Avenue, a major east-west thoroughfare and commercial corridor serving the Chicago metro area.