Transaction Type
Retail/Office
Loan Type
Bridge Loan
Loan Term
3 Years + 2x1 Year Extensions
Highlights
• Refinance of a 60,009 SF mixed-use building in Naperville, Illinois.
• Future earnout funding available upon meeting occupancy, debt yield and loan-to-value hurdles.
• CapEx and TI/LC funding provided to facilitate the business plan to reconfigure the 1st and 2nd floor retail space and re-lease at substantially higher market rent.
• High quality building located in the heart of the downtown retail district in Naperville, an affluent suburb of Chicago.
