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Associated Bank Provides $11.7M Loan To GTZ Properties For Retail Center In Bannockburn
FINANCED
$11,700,000
Illinois
See Similar DealsRetail23,864 SF
Financed 11/17/2025
FINANCED
Associated Bank Provides $11.7M Loan To GTZ Properties For Retail Center In Bannockburn
1300 Half Day Road
See Similar DealsRetail23,864 SF
Financed 11/17/2025
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$490
Total Square Footage:23,864 SF
Transaction Type:Loan
A construction loan was provided for a retail asset comprising 23,864 square feet across four buildings, located at 1300 Half Day Road in Bannockburn. The property sits on 5.3 acres and is currently 93% preleased, featuring tenants such as Wells Fargo, Chipotle, Heart Certified Auto Care, Just Salad, and a nail salon. The completion of this project is anticipated in summer 2026.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $11,700,000
- Lender: Daniel Barrins - Associated Bank
- Landlord: GTZ Properties
This transaction highlights the involvement of Daniel Barrins from Associated Bank as the lender facilitating the financing for GTZ Properties. The preleasing status indicates a strong market interest and tenant lineup for the retail center being developed at this location.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,700,000.00
Monthly NOI$78,000.00
Monthly Debt Service$73,951.96
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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