Investment Real Estate Transactions

$3,650,000

 

60,000 s.f. Retail Center

Refinance of a strip shopping center

December 2013

$1,500,000

 

Mixed Use 12 Apts /
1 Storefront

Construction to gut rehab a building in Pilsen neighborhood

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The Borrower was approved for an advance of 77% of the total project cost for this 12 month refurbishment project. An 18 month term was provided to allow time for lease up.

February 2014

$2,100,000 

 

48 Unit Apartment Complex

Purchase financing of a 48 unit apartment complex

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The Borrower was approved for an 80% advance of the purchase price for this 48 unit apartment complex in Elgin. The loan was funded in 4 weeks from the application date.

January 2014

$2,000,000

  

SF Subdivision

Development and construction financing of a 21 home subdivision

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The Borrower was approved for a $1 million loan for the acquisition and development of the site into 21 buildable lots and a $1 million construction revolver to fund 100% of the cost of the presold homes.

February 2013

$3,465,000 

 

Industrial

Acquisition financing for 2 industrial properties totaling 67,800 s.f.

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Acquisition financing was for a sale leaseback of a 27,800 SF industrial building to a bus company and a sale leaseback of a 40,000 SF industrial building to a rope distributor.

March 2012

$902,000

 

Raw Land

Acquisition financing of 8 acres of vacant land 

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Provided 60% financing of the acquisition cost on the industrial zoned site in Aurora, IL.

August 2013 

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