The Golf Higgins Center in Hoffman Estates, Illinois, has undergone a refinancing with the arrangement of a $3.4 million bridge loan by Aries/Conlon Capital. This 28,308-square-foot retail strip mall, formerly anchored by Tiger Direct, is located at 675 W. Golf Road. The loan was facilitated by Rushi Shah of Aries/Conlon Capital and supported the opening of a new Ace Hardware store, which will now serve as the property's anchor. The non-recourse loan allowed for the repayment of the existing debt and financed the necessary tenant improvements for the Ace Hardware store. The refinanced loan is intended to transition into permanent debt in the future. Jagmohan Jayara is the property owner and borrower.

Summary of transation details:

• Property Type: Retail Strip Mall
• Transaction Amount: $3,400,000.00
• Address: 675 W Golf Rd, Hoffman Estates, IL
• Market: Hoffman Estates
• Borrower's Rep: Rushi Shah (Mag Mile Capital)
• Lender: FCA

The key individual spearheading this transaction is Jagmohan Jayara, the property owner and borrower of the Golf Higgins Center. Additionally, Rushi Shah of Aries/Conlon Capital played a pivotal role in arranging the $3.4 million bridge loan for the property's refinancing. Shah is not only involved in securing the loan but also serves as a co-owner of the Ace Hardware store, further deepening his connection to the property and its successful future with the new anchor tenant.