B3 Companies Secures $4.75 Million Refinance Loan For 85,000 SF Industrial Property In Northbrook

The property asset involved in this transaction is an 85,000 square foot industrial property located at 600 Waukegan Road in Northbrook. The loan amount for this refinance transaction is $4,750,000 provided by Hoyne Bank. The asset falls within the industrial sector in the Northbrook market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,750,000
• Address: 600 Waukegan Road
• Market: Northbrook
• Lender: Hoyne Bank
• Landlord: Simon Berger & Adam Jidd - B3 Companies
• Brokers: Sara Frankel & Adrian Edery - Paradigm Commercial Real Estate
• Loan Type: Refinance
• Loan Terms: Term: 5yr Fixed, 12 months IO, 6.16% Rate, Light Prepayment Penalty, Cash-Out

The deal was facilitated by Sara Frankel and Adrian Edery of Paradigm Commercial Real Estate, who arranged financing for B3 Companies. The financing allows B3 Companies to retire existing debt and recover over 100% of their equity. Hoyne Bank provided the financing as the property achieved a six-month turnaround from acquisition to stabilization.