Seminole Financial Services Finances $12.956 Million Equity Investment for Multifamily Development Located in Lisle, Illinois

Belleair Bluffs, FL – December 21, 2015 –

Seminole Financial Services announces today the closing of a preferred equity investment in the amount of $12.956 Million to fund the construction of a 201-unit, multifamily apartment/mixed-use development located in Lisle, DuPage County, Illinois. The community – to be called Main Street Village – is located on the 2.8 acre “Old Village Hall” site in downtown Lisle, 25 miles west of Chicago.

 

The development will consist of two parcels: The five-story West building will contain approximately 12,409 square feet of ground floor retail, 117 residential units and a parking garage; and the five-story East building will be comprised of approximately 2,045 square feet of ground floor retail, 84 residential units and a parking garage.