Old National Bank Provides $5.25M Acquisition Loan For Retail Property In Glen Ellyn, IL

The multi-tenant retail strip center located at 1184 W Roosevelt Road in Glen Ellyn, IL has been acquired through an acquisition loan. The property spans over 23,333 square feet and is owned by Brookline Real Estate.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $5,250,000
• Lender: Old National Bank
• Broker: Matthew Stearns - Black Bear Capital Partners

The loan provided by Old National Bank is a 3-year fixed-rate loan with interest-only payments. Matthew Stearns from Black Bear Capital Partners represented the buyer in this transaction.