The LOOP on Greenfield is being offered as a new debt investment, priced significantly below its 2022 appraised value of $104 million. A key advantage of this offering is the transferrable OPRA tax abatement, which remains in effect until December 30, 2027. This abatement provides new ownership with tax savings exceeding $400,000 per year over the next three years. The LOOP boasts an attractive mix of studio, one, and two-bedroom apartments ranging from 400-875 SQFT. The property was built in 1965 and has been well maintained over the years. We estimate approximately $2.5M in capital improvements will be required over the next few years to address a handful of down units, entry doors, some roofs, parking lots and landscaping. When it comes to units, ownership has completed the upgrade of approximately200 with new kitchens, appliances, flooring and fixtures. On average these units achieve rents roughly $100 above classic units. As it pertains to the NOI, IPO has projected it to reach $5.3M in year one based on current leasing and rent growth trends and by year two we anticipate the NOI to easily eclipse $5.9M. At this level the NOI equates to an attractive 9% ROI. The LOOP on Greenfield represents an exceptionally well-located asset in Oak Park, poised for new ownership with a value-add mentality.